First Investment Property

Guzee,

On this forum people will always say

“It depends. We need more detail.”

Your post will get this kind of response if any. That’s ok it’s your first go.

I don’t know SA so I can’t tell you much but why SA? You can invest anywhere you can afford. If it’s SA then what is it you want? Don’t say maximum growth and maximum rental income. Everyone wants that most of the time but you have to give us an idea of your plans.

For me, my next property I want lots of land so I can subdivide and develop. So that narrows the field a little, it has to be big land and somewhere where it’s profitable to develop.

What are you looking for?

Irrespective, try to buy somewhere where there is demand and growth or likely growth. Realestate.com.au will accurately summarise all of those suburbs for you. Find out what a price ought to be. Try to buy cheaper than the house is worth. Look for low vacancy rate, somewhere people can afford, somewhere people want to rent.

They are just a few normal points to cover.

Good luck.

Guzee wrote:

Hi All, looking at investing in Playford area of SA and can’t seem to make up my mind on the following suburbs: a Andrews Farm, Munno Para West, Elizabeth Area & Davoren Park. Any suggestion please?

Really depends on what you’re trying to achieve from your purchase.
Davoren Park may have best cashflow since purchase price is likely to be lowest. It’s the most feral of those you listed.
Andrews Farm I don’t see going far – its rents are about the same as neighboring areas but its prices are higher and yields are lower, so isn’t attracting much Investor attention. It doesn’t get a whole heap of Owner Occupier attention either.
Elizabeth area I’m heavily invested into, and for good reason, as it matches my risk profile and return requirements. This does not mean its a good investment for you though – what are you actually looking for?