Often under-rated by its more fancied east-coast counterparts, the Adelaide property market is starting to get the attention it deserves, with savvy investors taking notice of the improving SA economy and its pipeline of major projects and events which continue to drive demand for residential real estate.
The Adelaide market is already highly active and producing stronger price growth than the generalised data suggests, with growth markets spread across the metropolitan area at a range of price points.
With steady performance over the past four years Adelaide now ranks ahead of the previously booming Sydney and Melbourne property markets for both capital growth and rental yield.
While research firms report annual growth of only 4-5% in Adelaide prices, these homogenised figures disguise a number of areas which have been performing much better.
Overall we see Adelaide as being a much stronger market than it’s given credit for – and one worthy of consideration by local and interstate property investors, especially considering its affordability and value for money.
To that end, please find below a turn-key investment opportunity we’ve hand-picked in one of Adelaide’s growth areas;
FEATURED PROPERTY – LOT 11 & 11A NASH STREET, GRANGE
Opportunity to purchase in one of Adelaide’s most popular and sought after suburbs. These 100% turnkey homes feature 4 bedrooms plus a study, 2 bathrooms and a double garage.
Subdivision and building approvals are expected by May giving a likely completion date of around December 2019.
- Land is listed at $439k, but is negotiable at $435k
- 4 Bedrooms / 2 Bathrooms / Study / Double Garage / Outdoor Room
Additional upgrades include;
- Daikin Reverse Cycle Air Conditioning throughout – $6,510 value
- 2.7m ceilings – $6,150 value
- Kitchen Caesarstone Benchtop – $2,830 value
- LED Downlights through entry, passageway, living and dining – $1,135 value
Grange is a Beachside Suburb of Adelaide approximately 11km from the CBD. Bordered by Henley Beach to the South, Tennyson and West Lakes to the North and Fulham Gardens to the East, this suburb is beautifully positioned alongside Adelaide’s most tranquil beaches.
Local amenities and highlights;
- Seaton High School 2km
- Fulham Gardens Primary School 3km
- Westfield West Lakes is a short 5 minutes away
- Adelaide Airport and it’s large Business Hub is approx. 7km away
- Nash Street is a ‘No Through Road’ which comes off Fredrick Road.
- Close to 2 of Adelaide’s best golf courses – Royal Adelaide GC and Grange.
- East Grange Train Station is across the road and links Grange Beach to the Adelaide CBD.
(House price growth in Grange over the past 10 years)
Here’s a quick run-down on the deal:
Type: House & Land [Dual Contract]
Beds: 4 [plus Study]
Land Size: 392 m2
Build Size: 180 m2
Rent: $590 pw
CASH FLOW: +$127 pw
TOTAL PRICE: $699,860
This opportunity is time sensitive so please contact me for more details.
TAKING THE NEXT STEP…
We’ll provide you with all of the details you need to make an informed investment decision. This includes a detailed Property Investment Analysis [PIA] report, property brochure, site plan, inclusions list, a rental and sales appraisal from local real estate agents, area research reports and any other relevant supporting information.
To secure this property you just need to complete a simple Expression of Interest [EOI] form and pay a small refundable holding deposit of $3K. Your offer is subject to finance and is not binding should you not be able to get finance approval.
Looking for something different?
We currently have access to a range of 100% turn-key investment grade property in the following suburbs;
Bowden, St Clair, Hectorville, Kent Town, Norwood, Seaford Meadows, Brooklyn Park, Forestville, Camden Park, Hackham, Woodville South, Mt Barker, Marden, Croydon Park, Taperoo, Glengowrie, Paradise, Mansfield Park, Warradale, Christies Beach, Kurralta Park, Clapham, Fulham Gardens, Brighton, Findon.
There are prices to suit everyone’s budget – ranging from $375,200 to $739,200
Don’t see your preferred suburb here? Let me know what you want and I can source it for you.
IN THE NEWS
A snapshot of some recent news regarding the Adelaide property market;
Adelaide’s $1bn building boom
Building Adelaide: Our city’s next skyline
Why Adelaide is the quiet achiever of the Australian housing market
Adelaide batting above its weight for property price growth
Adelaide’s property confidence is set to hit new heights
>> For more info simply hit reply, call 0411 431 391, or email your enquiry to email@example.com