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Opportunity -- Property -- After 20 yrs its here again

Discussion in 'Business, Investment and Economics' started by tech/a, Jul 4, 2019.

  1. tech/a

    tech/a No Ordinary Duck

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    I never thought Id see it again in my life time on the domestic front.

    20 years ago You could buy property --rent it--and have surplus.
    In Adelaide you can do it again very easily.
    Lowest rates ever---Distressed sales---if your in the position to take advantage.
    Very well priced 2-3rd home buyer properties---I keep away from First home buyer stock
    I leave that for developments which I stopped in 2016.

    Excellent opportunity going forward for Capital growth in selected areas.
    Time for me at least to buy up.
     
  2. HelloU

    HelloU

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    will say "go for it - seems a good idea" so u feel good about it in ur head ......

    what i was really thinking was that somehow i think u r in the machinery business ....... so was wondering how big a machine it would take to pick up Adelaide and move it somewhere better.
     
    Johny5 and aus_trader like this.
  3. sptrawler

    sptrawler

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    This is what I have been saying Duck, the same is in Perth, opportunity knocks.
    The problem has been caused, by all this Sydney/Melbourne centered negative reporting, it has actually overshot on the down cycle, in the rest of the Country. IMO
     
    Smurf1976, barney and explod like this.
  4. HelloU

    HelloU

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    apologies mate, i had just posted in a thread where junior was writing about a lady who talks dirty, and i got all excited and lost my head.

    i do not want adelaide to be moved ..... it is far enough away for me already.

    (as a landlord many years ago i was forced to move away from my properties .... the start of the end .... bad long-distance stories .....)
     
    Junior, barney and explod like this.
  5. tech/a

    tech/a No Ordinary Duck

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    Yes SP

    Mates in the west are saying the same.

    Im sure there are opportunities in most states.

    Certainly had my share of stories but I physically remove them if I have to .
    Plenty of Cop mates I train with ---they don't argue.

    Sure like anything there will always be challenges but Id feel guilty in 5 yrs time
    if I hadn't posted this up!

    Latest was a 4 bed 6 yr old Property 1 street from the beach 750 squ meter block all bedrooms
    with walk in robes. Aircond etc. Sold Early 2018 $520K Now Contracted by me at $465K + Stamp Duty
    Interest only say 3.5% Approx $330 a week
    I have a few lined up at $450 a week. (in the superfund!).
    I expect capital gain of 3% a year (First 3 years) increasing to 5 or more .
     
    Value Hunter, StockyGuy and sptrawler like this.
  6. moXJO

    moXJO menace to society

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    NSW has a bit to go yet, but agree with tech. Opportunities are springing up.
     
  7. IFocus

    IFocus You are arguing with a Galah

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    Here in my area its common for some forced to sell $100K under what they brought the land and built for.
     
  8. basilio

    basilio

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    Interesting proposition TA. Just wondering about a couple of points.
    1) Are there any concerns about poor construction? New can be great but build quality can be a concern in quick build spec homes.

    2) Could there be an issue with rising sea levels? One street back from the beach. Just thinking that the reality of rising sea levels is closer than most people realise. Even if it doesn't happen soon , IMV I think there is risk insurance companies may start to red line properties at risk of sea level rises. :2twocents
     
    explod likes this.
  9. HelloU

    HelloU

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    soz for derail ...was waiting pre to clear and thought funny (or not so ...)

    hindsight tells me i should have avoided most of my capital amount being in 2 rental properties in my early post apprenticeship years, and then moved states and lost control, but alls well that ends well ......
    OT
    (hey spt, u stirred up memories in the other, i used to live in rocky - vista avenue - and remember a brand new housing estate on the way to mand on the beach - no houses - so a great place to "tune" my MG)
     
    sptrawler likes this.
  10. HelloU

    HelloU

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    sorta did/have

    i was declined nearly 10 years ago when levels were raised, so just found alternate ..... that was after local council had a throwdown and refused to process development applications in those areas whilst they had a "review". Once it was decided that it was all too hard to work out they raised the floor heights by 30cm and life moved on (aussie has been building on flood land for a long time).

    i live channel fed waterfront "inland salt water" so basically a little out of kilter with tidal moves and amounts. After 30 years i do not see any changes in visual levels ..... the tidal levels are just as i remember them ........not saying it is not a thing but just not a thing yet for mine .... (and when it is i will buy rocks and dirt ...... and after that i will be dead).
     
    StockyGuy likes this.
  11. tech/a

    tech/a No Ordinary Duck

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    No I’m a builder ( civil) so haven’t seen any I look at

    I’m on The Esplanade myself and this one is pretty close
    Levels would need to rise 20 feet for an issue
    Not in my lifetime
     
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  12. notting

    notting

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    What suburb in Adelaide would you recommend?
     
  13. basilio

    basilio

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    Excellent!:)
     
  14. aus_trader

    aus_trader

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    Maybe off track a bit, but I couldn't stop laughing though. Only wished for Tech'y to scoop up CANberrah as well.
     
  15. Smurf1976

    Smurf1976

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    There's really a few different markets in this context I think.

    Sydney & Melbourne

    All other state and territory capitals

    Significantly sized regional towns. Anywhere big enough that it's got several banks, major national chain shops, sports facilities, etc.

    Towns which exist solely to serve an industry or even one particular company.

    Small towns, farms and remote areas.

    Pretty much all the media and government focus is on the first group which ignores where 60% of the population actually lives.:2twocents
     
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  16. kid hustlr

    kid hustlr

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    Tech, can you provide a little more detail around which parts of adelaide?
     
  17. tech/a

    tech/a No Ordinary Duck

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    For me Kid it’s about location
    What I know from past experience
    Demand
    Potential
    So my approach is narrow

    I look for Southern Beaches if you google it
    Beach side of Commercial and South Road
    From Christie’s Beach to Sellicks Beach

    I want appeal to 2 nd and 3rd home buyers so has to be a bit
    Out of the box with LAND for continued improvements

    When settled I’ll post it up ( the latest one )
     
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  18. HelloU

    HelloU

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    OT
    soz again tech
    not canberra per se, but there is a very very nice part of the ACT that is on the coast (often forgot about). Daily commute would be a hassle though.
     
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  19. jbocker

    jbocker

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    Is there really, never seen it or knew of it. If there is Id like to see it.
     
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  20. CBerg

    CBerg

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    I agree with the sentiment tech/a but up until May I never owned property before.

    I'm at the opposite end of the country to you, Townsville QLD, but there are some real bargains to be had I think if you're happy holding and can get a mortgage(or maybe not necessary depending on your position) with all the hoopla about lending at the moment.

    Took my place 2 months to settle as it was part resi/part commercial - management rights if anyone is interested - had multiple friends purchase & settle straight resi properties between offer/settlement of mine.
     
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