I am new to investing and am thinking about the suburbs of Adelaide to start the ball rolling for my first property. It has been suggested to me by more than one organisation that this is a good place to look. I live in WA and property prices are quite high so less scope for finding a bargain. What do you think? Buy near home where I know the market or rely on outside advice and go interstate, in Adelaide or elsewhere?
Please help in any way you can!!!You should look at Port Adelaide
Huge potential, will go up a great deal over the next 10 years and offers some of the cheapest water front property in Australia.
Nigel Kibel | Property Know How
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I just had a look at a property at Pennington in Adelaide.( Realestate.com.au)
9 Kms from the CBD.
Close to the redevelopment of the racetrack
Southern edge of pennington which is the better side.
A couple of klms from the beachNow it is a 3 bed + study house with a 3 bed granny flat on the back.
It actually has about 10 seperat rooms all up and has been used as room by room accomodation.
Needs a bit ( A lot)of work but Nathan on this forum would eat it up i think.
Asking $365,000 but VERY negotiable apparently.Will someone please buy this as i am tied up elswhere at the moment and im being tempted to chase this one also which i really cant do for the next few months.
cheers
Thanks so much guys.
Anyone else with ideas would be greatly appreciated!!!
cheers
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