at Trustee Building, 22 Grenfell Street, Adelaide, 5000 Australia
WE work with clients to determine their borrowing needs and ability, select a loan suited to their circumstances and manage the process
With so many different lenders and credit providers to choose from, We can do the legwork for you. We can help you find out about suitable loans or credit packages and arrange special deals. As with any adviser, it is wise to shop around. Let us do some Research to make sure the loan is suitable and competitive - or you could end up paying more than you need to.
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Adelaide Adelaide’s residential property market is in a slightly better position than it was 12 months ago. The number of days on the market has reduced, vendor discounting has tightened, sales transactions have increased and in that time there has been around a 3% improvement in median price. It is fair to say that it is no longer the buyers market that it once was. Investment activity appears to have increased in the past 12 months or so as investors try to capitalise on the current market conditions that see vacancy rates remaining low, rental rates steady, and low interest rates persisting. With the property market in Adelaide having reached the bottom of the cycle investors are now more confident that property will start to see some improvement in capital growth in the medium to long term. With only a very slight annual increase to median price, $500,000 would still buy much the same as it would have last year. In our approach to investigating what $500,000 can currently buy we are selecting to divide the market into three areas roughly based on distance to the CBD. Firstly the inner suburbs, being those less than 7 kilometres from the CBD, including Norwood, Parkside, Unley and Prospect to name a few. These are all older established suburbs located close to popular shopping strips and centres, and dining and café precincts. Proximity and access to the city is probably the biggest selling point for these areas. It is becoming more and more difficult to find property within these suburbs that has a price tag of less than $500,000, however, it can be found and generally for that sort of money will secure an older style 2-bedroom unit or attached cottage/maisonette on a small allotment. Tenant demand within these suburbs remains high, with very low vacancy rates as a result. Tenant demand should also maintain current rental rates with the potential for slight increases over time. The current rental rate is around $350 to $500 which would roughly equate to a gross yield of 3.5% to 5%. Properties within these locations are also expected to experience solid capital growth in the long term. Property investment in these suburbs is somewhat akin to blue chip shares. Within the next zone of 7 to 25 kilometres from the city $500,000 will purchase an older 3-bedroom house on a large allotment (500 to 900 square metres) or a newer 3-bedroom house on a smaller allotment (200 to 500 square metres). As this zone covers a significant area there is a very diverse range of property types and styles available for this amount of money. It is worth noting that when choosing an investment property those close to local facilities and services are likely to be more desirable to prospective tenants. The older dwellings on large allotments have the possibility of renovation, extension or even sub division in the future to increase capital worth. The prospects for solid long term growth are good. Yields in this area vary and would expect the average yield to be in the order 0f 4% to 5%. Suburbs greater than 25 kilometres from the CBD are considered to be the outer suburbs. To the north this would include Elizabeth and Davoren Park. In these and surrounding suburbs it is possible to purchase a basic 2- to 3-bedroom dwelling of 100 square metres on an allotment of 400 to 800 square metres for $130,000 to $200,000. So with $500,000 to spend there would potential to purchase up to three of these properties. Rental rates vary considerably but can range from $180 to $240 per week which would equate to a gross rental yield of 6% to 7.5%. Investors chasing high yields have been drawn to this area in recent times and there are concerns of over supply to the rental market. Limited capital growth is expected in the short to medium term also due in part to oversupply of property in general in these suburbs. In the outer southern suburbs, which include Noarlunga and Hackham, entry level is probably closer to the $200,000 to $250,000 mark for the equivalent property with rental rates of $240 to $290 per week achieved. This equates to a gross yield of 6% to 7.5%. The outer southern suburbs have appeared to increase in popularity in recent times, this could, in part, be in response to upgrades to transport infrastructure (Seaford Rail Extension and Southern Expressway Duplication which is nearing completion) which are set to improve public transport and travel times to these suburbs. The outer southern suburbs are also located close to the beaches along Adelaide’s southern coast line. With increased demand for properties in this area there is a good prospect for some solid capital growth in the long term and in conjunction with the yields being achieved if a lazy half million just happened to drop into our lap we’ll have two thanks. Mount Gambier The market has remained relatively stable over the past 12 months with similar market conditions however there has been a slight increase in sales for the start of the year. Our views for capital growth have not changed since last year as well as our opinions for cashflow/yield. In the South East of South Australia, $500,000 will enable you to purchase practically anywhere within reason. Few dwellings sell for more than $500,000 and demand for property tends to reduce significantly when the market value is greater than $500,000. The best way to spend $500,000 in the South East of South Australia: For Capital Growth In recent years few properties in the area have actually shown capital growth; however some coastal properties have gone against the trend and have increased in value. With an investment of $500,000 you could purchase a property in the Robe or Beachport townships with an ocean view. The better the view the better the investment. Other areas in the lower South East will need substantial employment growth before any significant capital growth can occur. For Cashflow/Yield In recent years the South Australian Housing Trust has been selling off their unwanted ‘Commission Housing’. Typically, they are older stone dwelling’s constructed in the 1950s and 1960s and include 3-bedrooms, lounge, bathroom and laundry area. In recent years there has been an over supply of this style of accommodation entering the market. At the same time the Mount Gambier market has also softened and the general demand by investors and first home buyers has also weakened. The result is that these ‘Commission Homes’ are currently good value and show a good return. A semi-detached 3-bedroom stone duplex can be purchased for between $90,000 and $100,000, with achievable rental for these dwellings being around $150 per week currently. Based on this assumption if an investor purchased five (within the $500,000 allowance) they would generate around $750 per week gross and a gross yield of approximately 7.8%. The capital growth would not necessarily be good and the quality of tenant may also be an issue, but the return is pretty competitive. Source: Herron Todd White
We are living longer! This means we need a larger bucket of money for when we finish working. Statistics have shown that your superannuation will probably only JUST pay off your mortgage by the time you want to retire. But that leaves very little for enjoying life. This is why 82% of the Australian population end up requiring government assistance. I don't imagine that this is an exciting or fulfilling way to end your working career. We have all heard that we could end up having to work until we're 70! That's because most people just don't start thinking about their life after work until it is way too late. What would it mean to you if you had to work until 70?
Can a Temporary Resident Buy a Property in Australia ? Yes Ask us How ..
TOP 10 SUBURBS IN ADELAIDE: Here are some of the best suburbs in Adelaide. They are in a variety of locations, have good amenities and access to public transport, and suit different lifestyles and budgets. 1. NORWOOD - north, cosmopolitan, cafe society 2. NORTH ADELAIDE - north, cafe culture, plenty of professionals 3. HYDE PARK - south, bling bling, families, older professionals 4. MILE END - inner west, multicultural, community 5. STIRLING - adelaide hills, stylish 6. HENLEY BEACH - west, beach, everyone is welcome 7. MAWSON LAKES - north, a new suburb, family territory 8. MARION - south, retro, family territory 9. BRIGHTON - south, beach, families and older professionals 10. ATHELSTONE - north east, foothills, family territory Special mention: GLENELG, WALKERVILLE
Adelaide house prices continue to rise http://m.theaustralian.com.au/news/adelaide-house-prices-continue-to-rise-rp-data-rismark-march-hedonic-home-value-index-results-report-shows/story-e6frg6n6-1226870768709
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