Property in Adelaide or Melbourne

[SriLankanCat]

I am looking to build a place or buy a brand new house. I currently live in Sydney and want to move somewhere different, to start fresh.

The options are either Adelaide or melbourne.

Can anyone who lives in either Adelaide or Melbourne suggest suburbs that are good for either Land or Brand New Houses.

My budget is around $450-500K

thanks

 

[footylover18]

http://www.somersoft.com/forums/

 

[bunsen burner]

Melbourne is a better lifestyle choice, Adelaide is a better investment choice, and Sydney is an even better investment choice.

For $450k you might look at the Largs North/Taperro area North of Adelaide. Close to city and beaches. You can get a decent new house for that, or maybe you buy an old house and build for around that.

 

[Papa G]

Depends what you are looking for. Surely work and lifestyle decisions would have to play a huge part? Do you have family, kids? Is a big Sri Lankan community (just assuming that's what you are due to user name) important? Do you want live in the burbs or closer to the action? Without knowing any of these things it is impossible to give a good answer.

But, if I was wanting to buy a house in Adelaide on that sort of budget, I'd be looking at the inner western suburbs like Mile End, Torrensville, Thebarton, Brompton or West Croydon.

Edit just noted you wanted a brand new house, as most of the areas I have listed are are very much older 1900's type homes, but there is also quite a bit of newer town house type developments especially in Brompton.

 

[SriLankanCat]

hey i am not fussed at all about being around the SL community, id much rather a diverse society.

Id like somewhere in the suburbs, anything within an hour of City is fine.
Im a single guy with no kids. Looking for 3 bedder.

Anyone know any good builders in either melb or adelaide. I know a few in sydney but not interstate.

thanks for the help

 

[Pilchard_Adams]

hey i am not fussed at all about being around the SL community, id much rather a diverse society.

Id like somewhere in the suburbs, anything within an hour of City is fine.
Im a single guy with no kids. Looking for 3 bedder.

Anyone know any good builders in either melb or adelaide. I know a few in sydney but not interstate.

thanks for the help

All depends on the life style and job you have. I personally prefer less crowded areas. Less traffic etc. I live in the Northern suburbs of Adelaide, theres a lot of land in Blakes Crossing, and even Freeling which is a town outside of the suburbs but still around an hour from the city. For 450k you could build a very nice house out North of Adelaide and there is currently huge developments with an express freeway and new shopping centres popping up which will increase the areas value.

 

[SriLankanCat]

All depends on the life style and job you have. I personally prefer less crowded areas. Less traffic etc. I live in the Northern suburbs of Adelaide, theres a lot of land in Blakes Crossing, and even Freeling which is a town outside of the suburbs but still around an hour from the city. For 450k you could build a very nice house out North of Adelaide and there is currently huge developments with an express freeway and new shopping centres popping up which will increase the areas value.

Im looking at 400K. Im looking for single story simple house really. One that looks nice but nothing too facny. What are the good builders in SA? Delfin? AV jennings?

 

[bunsen burner]

You can pick up some AV Jennings house and land packages for approx $400k in Royal Park. Royal Park was recently a shit dump but is gentrifying fast. The whole suburb is essentially being demolished house by house.

That new are someone else mentioned in the North East looks very good. Not sure if you can get in there for $400k, but if you can it would suit you.

 

[SriLankanCat]

Thanks for the info.

anyone know anyone else besides AV Jennings and so on?

 

[SriLankanCat]

Anyone recommend any good real estate agfents to talk to in Northern adelaide?

 

[bunsen burner]

Anyone recommend any good real estate agfents to talk to in Northern adelaide?

My recommendation: why the f*** would you be talking to them?

They aren't going to give you unbiased advice and their job is to get as much as possible out of you.

Do all your diligence first, choose an area, and then go visit every real estate in that area and ask them what they have that suits your criteria. It is not a case of "who is a good agent" but "what are the houses I like in this area". The house determines what agent you deal with, not the other way around.

Make yourself known, tell them what you want, let them show you what they have. let them call you if something new is coming onto market. But how good the agent is is largely irrelevant.

 

[SriLankanCat]

My recommendation: why the f*** would you be talking to them?

They aren't going to give you unbiased advice and their job is to get as much as possible out of you.

Do all your diligence first, choose an area, and then go visit every real estate in that area and ask them what they have that suits your criteria. It is not a case of "who is a good agent" but "what are the houses I like in this area". The house determines what agent you deal with, not the other way around.

Make yourself known, tell them what you want, let them show you what they have. let them call you if something new is coming onto market. But how good the agent is is largely irrelevant.

hehe i am aware that thye are biased but what i want is an idea of where there is land being released. I am in Sydney and i plan on going to Adelaide n the near future to check out areas. I have looked online but there is so much info its hard to sort of process.

Woodville has a lot of townhouses and the like i actually want a free standing house.

Bunsen can you give me some names of suburbs? I know of Blakes Crossing, Freeling etc. but any other areas?

 

[bunsen burner]

Bunsen can you give me some names of suburbs? I know of Blakes Crossing, Freeling etc. but any other areas?

New land releases? No idea. The only one i know is the one someone else mentioned. Without doing any diligence my gut says it will be a good area to buy into. Apart from that I don't know.

Personally, if i was in your sitch and wanted what you want, i'd investigate that area or look at the cost of buying, demolishing, and building around the taperoo area.

You need to search the internet more. I suspect that area we have talked about might just be out of your price range. you shouldn't completely rule out new townhouses in small blocks either - they will provide plenty of growth for when you want to upgrade. Buying a $400k townhouse in the western suburbs is probably a better bet than buying a house an extra 10km out.

 

[footy75]

firstly as a single man i would suggest Melbourne

however if u prefer quiet life go Adelaide. 4/500k will get u something very nice

the further north u go the more ferral it gets

as others have suggested i would recommend places just out of the city..croydon, thebarton, brompton etc etc

largs is very nice

 

[SriLankanCat]

firstly as a single man i would suggest Melbourne

however if u prefer quiet life go Adelaide. 4/500k will get u something very nice

the further north u go the more ferral it gets

as others have suggested i would recommend places just out of the city..croydon, thebarton, brompton etc etc

largs is very nice

What is Point Cook like?

 

[SriLankanCat]

Mawson Lakes and Blakes Crossing? WHat can you guys tell me about these suburbs?

 

[evo]

Melbourne is a better lifestyle choice, Adelaide is a better investment choice, and Sydney is an even better investment choice.

I don't agree.

Melbourne is expecting another million residents in the next 9 years and to hit 5 million by 2030 (they have bought it forward 6 years since this article was written). There hasn't been nearly enough land release to come close to covering it.

http://www.premier.vic.gov.au/component/content/article/5950.html

 

[Papa G]

Mawson Lakes and Blakes Crossing? WHat can you guys tell me about these suburbs?

Mawson Lakes. Pluses include it is relatively close to the CBD (maybe 10km?) and modern, if you are into that sort of thing. If you work north it is probably one of the better areas to live in. Has all the mod cons, serviced by a train line.

Negatives: Plastic. Houses are very tight, close together. I just don't rate that kind of living if you are in the burbs. Has a bit of a Cashed Up Bogan element to it. Heard on the radio that they expect all availble land in the entire development to be sold by March, so you might have to hurry.

Blakes Crossing. Admit that I don't know much about it but I do know it is located 31kms from the CBD. For Adelaide, that is a long, long way. It is also surronded by pretty shitty areas too.

 

[bunsen burner]

I don't agree.

Melbourne is expecting another million residents in the next 9 years and to hit 5 million by 2030 (they have bought it forward 6 years since this article was written). There hasn't been nearly enough land release to come close to covering it.

http://www.premier.vic.gov.au/component/content/article/5950.html

I should have specified short term.

Melbourne right now is overheated. Adelaide is not. Melbourne will have a correction within 3 years and then most likely some sluggish growth. Any investor buying in Melbourne right now has rocks in their head. The fact that in 30 years time it may be a better investment is obsolete. Sound investors buy for both short and long term growth. Short term is key to building equity to be able to buy more property.

Let's speculate a reasonably safe scenario on $500k:

Melbourne
Year 1: $500k (value)
Year 3: $470k
Year 5: $480k
Year 7: $530k
Year 10: $1m

* not going to be able to access equity for a long time

Adelaide
Year 1: $500k (value)
Year 3: $650k
Year 5: $680k
Year 7: $700k
Year 10: $800k

The difference: After 3 years you can access equity and go buy another place in another city that is undervalued. After 7 years you can probably access equity from the second place and get on Melbourne.

Right now:

Radelaide > Melbourne

 

[SriLankanCat]

WHat is Playford Alive like? I heard its near Smithfield Plains which has a bad reputation. Also heard its on the flatlands?