Real Estate Agents Adelaide

Price index could see traders bet the house – ABC Online

admin — Tue, 24 Apr 2012 12:46:09 +0000

Price index could see traders bet the house
ABC Online
Its creators say that will allow people to invest in real estate without having the hassle of owning an investment property. But critics say it is just pushing Australia's obsession with real estate a step further and setting the nation up for a bigger …

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Regional house prices overtake city – Adelaide Now

admin — Mon, 23 Apr 2012 23:10:09 +0000

Regional house prices overtake city
Adelaide Now
Source: The Advertiser PROPERTY prices in several regional towns outstripped Adelaide's prestige suburbs last year. Houses sold in Renmark, Whyalla and Nuriootpa recorded the strongest capital gains in the state. Industry experts say the inclusion of …

Port tops house price growth

admin — Tue, 20 Mar 2012 12:03:55 +0000

M4 Real Estate principal Geoff Matthews said investors were turning to the Port because they could recognise the potential.

“Basically, in regard to our project there, we’ve sold 10 or 11 to investors from intestate, nine of them to a consortium in Perth who have certainly done their due diligence and for them, Port Adelaide ticks all the boxes,” he said.

”It’s got one of the best employment growth areas in the state; 3500 people will be employed at Tech Port by the end of the year.”

He said the State Government’s announcement about taking over the Newport Quays development would boost confidence in the area.

Gayle Hynes bought in Port Adelaide about a year ago after moving to Adelaide two years ago. She rented in Lockleys and Richmond before working out where she wanted to live.

“I did have a look around and I like the community base in Port Adelaide,” Ms Hynes said.

“It has a lot of potential and I like the fact it’s got the river and it’s close to the beach.”

Ms Hynes said Port Adelaide was well serviced by public transport and not only was it a good place to live, but it also was a good investment.

“I considered it to be a smart buy,” she said.

Where is Adelaide's $2 million suburb? – Adelaide Now

admin — Mon, 19 Mar 2012 22:57:55 +0000

Where is Adelaide's $2 million suburb?
Adelaide Now
Real estate agent Cynthia Sajkunovic at a $2.495 million home in the inner-eastern suburb of College Park. Picture: Jo-Anna Robinson Source: Sunday Mail (SA) COLLEGE Park is on the cusp of becoming Adelaide's first $2 million address as demand for the …

SA rental market remains steady – Adelaide Now

admin — Mon, 19 Mar 2012 07:31:55 +0000

SA rental market remains steady
Adelaide Now
The Real Estate Institute of SA's rental market survey for the December quarter showed the vacancy rate was only slightly higher than the September quarter, which was 3.21 per cent. The metropolitan area recorded a vacancy rate of 3.4 per cent, …

Suburbs that Adelaide calls home – Adelaide Now

admin — Sun, 18 Mar 2012 18:50:55 +0000

Suburbs that Adelaide calls home
Adelaide Now
MOST Aussies want real grass in their back yard and are prepared to shell out an extra $75000 for a lawn, a survey of real estate agents shows. Mr Lind said because the property was so tightly held, buyers had to act fast. "When a good property comes …

Anthony Toop – Property Advice

admin — Sun, 18 Mar 2012 06:12:55 +0000

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.

House price surge at O'Halloran Hill – Southern Times Messenger

admin — Sat, 17 Mar 2012 16:34:55 +0000

House price surge at O'Halloran Hill
Southern Times Messenger
Real Estate Institute of SA figures show median house prices in O'Halloran Hill hit $371250 in the December quarter up 7.92 per cent from $344000 the previous year. This is despite an average 3.7 per cent drop in property values across Adelaide.

Medindie named as Adelaide's most expensive suburb for house prices – Adelaide Now

admin — Sat, 17 Mar 2012 01:46:55 +0000

Medindie named as Adelaide's most expensive suburb for house prices
Adelaide Now
Klemich Real Estate sales agent Penny Riggs said Medindie was highly sought after for its location and the quality of homes in the area. "It's a city fringe location and people are always looking to … get near the good schools," Mrs Riggs said.

Housing market heats up – Messenger News

admin — Fri, 16 Mar 2012 13:09:55 +0000

Housing market heats up
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 …