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 AdelWe're thinking to get into this within the next 6 months or so
Thanks a lot in advance guys & gals Not that I live or invest there, but I thought Adelaide had "taken off"?
yes maybe so but we are thinking even MORE…
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.
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.
Thanks for the feedback guys. defn will be considering looking closely again in the next coming months.
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
NickI'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.
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….
Thanks a lot in advance guys & gals 
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