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Port Adelaide tops house price growth
Adelaide Now Gayle Hynes bought a property in Port Adelaide a year ago and considers it a smart buy. Picture: Mark Brake Source: The Advertiser PORT Adelaide led the city in median house price growth in 2011, with a 53.3 per cent rise to $440000. M4 Real Estate … |
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Port tipped as investment goldmine
Adelaide Now PORT Adelaide, Aldinga Beach and Hackham are among the hottest suburbs for property investment, a real estate report says. The "Fast 50 Hotspots" in the Smart Property Investment magazine were chosen based on their population growth, housing demand, … |
New developments spark house price growth Messenger News HOUSE hunters are flocking to new developments across the north, with Munno Para and Blakeview among Adelaide’s hottest suburbs. Figures released last week by the Real Estate Institute of SA, revealed median house prices in Munno Para soared 26 per … |
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Property boom will follow year of market uncertainty
The Australian Source: Supplied AT some point this year buyers will start piling into real estate. First-home buyers, trade-up buyers and investors will collectively decide it's time to buy and start a fun run towards the market. The catalyst that will spook the … |
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First-homeowner grants dive in SA
Adelaide Now Real Estate Institute of South Australia president Greg Moulton, left, gives some advice to house hunter Paul Keldoulis. Source: AdelaideNow PAYMENTS of the first-homeowner grant have fallen 20 per cent in the past year as banks tighten lending. … |
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Mortgage belt's new wave of buyers
Adelaide Now "We keep explaining to buyers it's not a possible thing because Adelaide is in the gulf; we will never have a situation like tsunamis, but it's a mind thing." Harris Real Estate sales agent Tom Hector has sold at least six Rostrevor properties to … |
 NEWS.com.au |
Home price falls accelerate
Sydney Morning Herald The national prices falls, though, are being skewed by a retreat at the more expensive end of the market, said Charles Tarbey, owner of Century 21, a national real estate group. Century 21 has seen a spike in inquiries following the November cut in … Melbourne house prices decline by 5.4 per cent |
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Extra cash or car to drive house sales
Adelaide Now Developer Jason Cummings and real estate agent George Abbott with the house and car package they hope will help attract buyers to the Osborne property. Picture: Nigel Parsons Source: AdelaideNow POTENTIAL buyers are being offered incentives including … |
Like any form of investment, real estate has its risks. Buy on the market upturn and you can capitalise quickly, buy in a boom and you’ve got yourself a long term asset.
Then there’s the chance of a dodgy tenant, loss of rent, maintenance costs, interest rate rises plus an odd natural disaster, and it all starts sounding a lot harder than simply picking up the newest float on the stock exchange.
The upside is that while public companies may fold, and your invested shares with them, property remains a tangible asset which will always appreciate over time and can deliver some strong yields while you wait.
2010 is being hailed as the year of the investor which is no surprise when you look back at the two years we’ve had. During the global financial crisis many property investors took a huge hit on the stock exchange, forcing them to sell property in order to gain cash flow and remain buoyant.
With less properties available, the rental market momentarily tightened, until record low interest rates in hand with increased government grants saw huge numbers of tenants break lease to buy their first home.
At this time vacancy rates increased and investors began realigning rents.
Now the tables are turning. The First Home Buyer boost finished in December and grants have returned to normal levels. Interest rates are continuing to climb and those who failed to factor this in are now feeling the pinch – you have to wonder who provided their financial advice.
While some will be able to retain their asset, others will be forced to sell and go back to renting.
This is when investors will pick back up the properties they lost and as tenant demand increases, so will weekly rents, balancing out any rate rises for landlords.
Overseas and interstate investors are already circulating throughout our local market, focusing on student accommodation in preparation for when Uni heads back in late February.
As for Adelaide’s next real estate hot spot: While the crystal ball on my mantel piece isn’t telling all, I’d suggest keeping an eye on the inner north suburb of Collinswood. Bordered by Walkerville and Medindie Gardens, this boutique area of around 13 streets often flies under the investor radar.
Anthony Toop is managing director of Toop & Toop.
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Olympic Dam mine expansion a bonanza for South Australia
The Australian Commercial real estate agents are already taking inquiries. "We have had quite a few phone calls since the BHP and state government announcement about the extension of the Olympic Dam," Jones Lang LaSalle senior negotiator of industrial services Rocco … |