Just wondering what your thoughts are about investing in Elizabeth SA?
The yields at the moment appear to be quite good with some properties at 8% yield (or could be negotiated down to achieve this), and even some duplex that could yield almost 10%.
Has anyone had much experience investing in this area? Have you had any issues with tenants damaging property and not paying rent?
What are your thoughts about capital growth prospects for this area, considering that there is a new buyer for the Holden Plant that could create more jobs in the area?
Would be interested to hear your thoughts,
DavidJaxonParticipant@jaxonaJoin Date: 2014Post Count: 282
Been paying attention, yes SA has a few areas around that 8%, some really great buys
Awesome… That’s reassuring to hear :)Tony FlemingParticipant@the-dark-knightJoin Date: 2008Post Count: 396
I’ve got some in Elizabeth and Salisbury region. If you can afford it I’d try and get into Salisbury over Elizabeth. Better quality tenants, closer to Adelaide and a safer option all round.
Tenant quality is essential in Elizabeth as there are a lot of rent being late scenarios down there. So any property you are considering buying with a tenant in place I’d ask for the tenant ledger.
Let me know if you need any help I know some good property managers down there to help.
Thanks that would be great. I think a really good property manager would be essential in that area.
I was initially looking at Duplexes around the Elizabeth returning 9% yields, but it looks like there are plenty of other opportunities out there.
I’ve been astounded by how some properties have been sold for 71-82% of original listing price.