just thinking about our next IP and from what we have gathered so far is that we can get a nice property pretty close to Adel City for around $300K. Adel prob will take off in the next few years; and we are hoping to get into the Adel market.
We'd love to get some suggestions as to
1) the best suburbs to buy in adel close to the city that is 2) any newer suburbs developed around adel 3) what the rental market is like in Adel 4) future growth in & around Adel
We're thinking to get into this within the next 6 months or so Thanks a lot in advance guys & gals
Adelaide has most definitely already "taken off" and is now flattening. Vacancy rates are increasing in some areas, auction clearance rates are decreasing, yields in most areas (for anyone who bought recently) are pitiful. Check for vested interests if someone's telling you there's going to be another big growth spurt because that sure isn't the word on the ground here.
the auction clearance rates came out for adelaide today and they were below 50% for the weekend just gone so it is really starting to slow, almost stall at the moment
I've been following properties in the 'to rent' columns in The Advertiser and some are appearing week after week. I've spoken with a few agents who've admitted their property managers have had to decrease rents quite substantially on some properties to attract tenants, especially in outlying suburbs.
Adelaide has most definitely already "taken off" and is now flattening. Vacancy rates are increasing in some areas, auction clearance rates are decreasing, yields in most areas (for anyone who bought recently) are pitiful. Check for vested interests if someone's telling you there's going to be another big growth spurt because that sure isn't the word on the ground here.
agree with that, starting to slow here….
Viewing 9 posts - 1 through 9 (of 9 total)
You must be logged in to reply to this topic. If you don't have an account, you can register here.