We are moving there in March and want to stay for at least 3 to 5 years. Coming from the UK we are used to a very volatile property market. Is it the same in Adelaide? Will we generate equity in 5 years?
2007-01-27 21:09:17 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
The short answer is, probably not! The reason being is that in Australia we are at the peak of a boom at the moment and prices are already starting to drop. But then again, if you decide to stay longer than 3-5 years, rent first, then in 12 months when the market starts to stabilise, re-evaluate your circumstances. You'll definitely like Adelaide, just like a big country town, clean, quiet - nice place.
2007-01-27 21:24:10 · answer #1 · answered by mad_mick001 5 · 0⤊ 0⤋
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2016-07-20 10:59:50 · answer #2 · answered by Ronald 3 · 0⤊ 0⤋
well a townhouse or condo has two floors...when you become a senior you no longer need nor want a two floor home. Reason being you're going to have trouble with your legs and won't be able to make the stairs. If, however you have children or relatives who will be taking care of you then an upstairs apartment might be an alternative so they can be close to you and your needs. As you age you don't really need the extra room if your children have flown the coop and appear to be stable or stable in a marriage, you can always bring out a cot if you wish them to stay overnight. Many people like myself live in a warm climate and choose to have an apartment. A one bedroom apartment fits the retirement income a lot of people receive (sometimes they need to go on government assistance) but the nicest thing about an apartment is that as you age you can't do all the cleaning, lawn work, home maintenance that you used to do nor can you afford to pay someone to do it. So when all that is lumped into your rent and you're free to play bingo with your legs that barely can carry you, well you thank your lucky stars that there are apartments around. Here every day I hear the young folks buzzing around cutting the lawn, blowing the leaves, fixing things in peoples apartments (overflowing toilets, providing AC filters, changing out refrigerators and stoves for new ones, installing new carpeting, painting), and the bug spray guys coming around, the guys outdoors washing down the buildings or planting new plants and turf or cleaning out the leaves from the gutters. That's a lot of work if a senior had to do it.
2016-05-24 08:09:59 · answer #3 · answered by ? 4 · 0⤊ 0⤋
OMG! Adelaide real estate is set to boom in some areas. You can buy in a COASTAL SUBURB for around $200,000...check out www.realestate.com.au and at these suburbs:Christies Beach, O'Sullivan Beach, Hallett Cove, there are also some mines going to be starting up down there in the next year or so,so that will probably bring prices up. Adelaide is very affordable. I will buy a property there myself in the next six months.
2007-01-27 23:20:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Rent first. Get used to the system. Then buy a few small ones as good investment while you are still renting.
I believe I have given you the initial steps to success, both as resident and as investor.
2007-01-27 21:20:14 · answer #5 · answered by catcher 3 · 0⤊ 0⤋
rental properties are much nicer and easier to find in Adelaide, start by renting until you get to know which area (or suburbs as they call them) you fancy.
2007-02-01 06:47:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
100% Real Estate Boom in Adelaide...Best choice investment for future....
2015-09-14 22:44:52 · answer #7 · answered by ? 2 · 0⤊ 0⤋
I would buy no one can say 100% per cent that prices will rise or fall.Good Luck
2007-01-27 21:30:17 · answer #8 · answered by Ollie 7 · 0⤊ 0⤋
Rent-To-Own Home - http://RentToOwnHome.uzaev.com/?IpTJ
2016-07-11 17:01:23 · answer #9 · answered by ? 3 · 0⤊ 0⤋