All Topics / Help Needed! / Adelaide – 6 months

Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of TranceTrance
    Member
    @trance
    Join Date: 2008
    Post Count: 37

    hey all,

    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 :)

    Profile photo of newbi2newbi2
    Member
    @newbi2
    Join Date: 2008
    Post Count: 227

    Not that I live or invest there, but I thought Adelaide had "taken off"?

    Profile photo of TranceTrance
    Member
    @trance
    Join Date: 2008
    Post Count: 37

    yes maybe so but we are thinking even MORE… :)

    Profile photo of sam2009856sam2009856
    Member
    @sam2009856
    Join Date: 2006
    Post Count: 79

    Hi Trance

    Adelaide has had significant capital growth in the past 12 months.  I had a few of my properties go up 40% (rubbish area too).

    I can see that you may be feeling that the prices will continue to grow because of the new mine sites opening up.

    I always buy in cities where i know I will have sustainable and ongoing growth on a permanent basis.  I am not sure SA fits this criteria.

    QLD is market to have the highest population growth in the next 50 years.  Long term supply and demand.

    Profile photo of carlincarlin
    Participant
    @carlin
    Join Date: 2005
    Post Count: 211

    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.

    Profile photo of TranceTrance
    Member
    @trance
    Join Date: 2008
    Post Count: 37

    Thanks for the feedback guys. defn will be considering looking closely again in the next coming months. 

    Profile photo of nicko7nicko7
    Member
    @nicko7
    Join Date: 2007
    Post Count: 33

    Hi guys

    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

    Cheers
    Nick

    Profile photo of carlincarlin
    Participant
    @carlin
    Join Date: 2005
    Post Count: 211

    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.

    Profile photo of R3R3
    Member
    @r3
    Join Date: 2008
    Post Count: 12
    carlin wrote:
    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….

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