SA The Adelaide Thread

[emuboy]

Land values in Adelaide CBD like in every Australian capital city are very high, and like the other capitals there has been much redevelopment going on around the city in recent years.

With that in mind, does anyone know what is happening with a seemingly derelict building on the northern side of Currie Street at one of Adelaide's main intersections, that of Currie and Grenfell Streets crossing King William Street, opposite from the old Town Hall, Goodlife Health Club and the RAA tower?

The building (a high rise about 10 floors) which once had a transport and tourism information section as well as a cafe on the ground floor (presumably the higher floors were once leased by lawyers, accounting firms, finance brokers, medical specialists and other professionals) has strangely stood vacant and in decline with its lower levels boarded up since at least the COVID years.

Does anyone know what is going to happen to the site, which surely must be a valuable bit of real estate?

 

[JHF1870]

Land values in Adelaide CBD like in every Australian capital city are very high, and like the other capitals there has been much redevelopment going on around the city in recent years.

With that in mind, does anyone know what is happening with a seemingly derelict building on the northern side of Currie Street at one of Adelaide's main intersections, that of Currie and Grenfell Streets crossing King William Street, opposite from the old Town Hall, Goodlife Health Club and the RAA tower?

The building (a high rise about 10 floors) which once had a transport and tourism information section as well as a cafe on the ground floor (presumably the higher floors were once leased by lawyers, accounting firms, finance brokers, medical specialists and other professionals) has strangely stood vacant and in decline with its lower levels boarded up since at least the COVID years.

Does anyone know what is going to happen to the site, which surely must be a valuable bit of real estate?

This one

 

[JHF1870]

10-storey hotel plan for troubled King William Street site - News | InDaily, Inside South Australia

The former Adelaide Metro office in the CBD will have extra storeys added under plans for a 129-room hotel.

www.indailysa.com.au

 

[MP_]

Land values in Adelaide CBD like in every Australian capital city are very high, and like the other capitals there has been much redevelopment going on around the city in recent years.

With that in mind, does anyone know what is happening with a seemingly derelict building on the northern side of Currie Street at one of Adelaide's main intersections, that of Currie and Grenfell Streets crossing King William Street, opposite from the old Town Hall, Goodlife Health Club and the RAA tower?

The building (a high rise about 10 floors) which once had a transport and tourism information section as well as a cafe on the ground floor (presumably the higher floors were once leased by lawyers, accounting firms, finance brokers, medical specialists and other professionals) has strangely stood vacant and in decline with its lower levels boarded up since at least the COVID years.

Does anyone know what is going to happen to the site, which surely must be a valuable bit of real estate?

Land prices are crazy, $370k for 400sqm in mt barker . 250k for 400sqm in Murray Bridge. I’m spewing I’m on 28 acres but I can’t subdivide it because of where my house is placed. I’d be on a gold mine otherwise.

 

[JHF1870]

Land prices are crazy, $370k for 400sqm in mt barker . 250k for 400sqm in Murray Bridge. I’m spewing I’m on 28 acres but I can’t subdivide it because of where my house is placed. I’d be on a gold mine otherwise.

And yet state govs havent adjusted stamp duty meaning cheapest properties will cost 45k to buy in taxes.

Its pointless selling my house at this point

 

[MP_]

And yet state govs havent adjusted stamp duty meaning cheapest properties will cost 45k to buy in taxes.

Its pointless selling my house at this point

Unfortunately stamp duty provides a third of the state’s income, if they reduce it the money has to come from somewhere else.

 

[JHF1870]

Unfortunately stamp duty provides a third of the state’s income, if they reduce it the money has to come from somewhere else.

Land tax. Everyone pays but it doesnt hurt people who move around. It becomes incredibly costly

 

[rocker_oz33]

Land prices are crazy, $370k for 400sqm in mt barker . 250k for 400sqm in Murray Bridge. I’m spewing I’m on 28 acres but I can’t subdivide it because of where my house is placed. I’d be on a gold mine otherwise.

Was there a boom in that area?

Sometimes a area just goes bang and prices go sky high.

 

[rocker_oz33]

Snowtown will be cheap.

 

[MP_]

Was there a boom in that area?

Sometimes an area just goes bang and prices go sky high.

People are paying these prices because there is high demand to build and lack of rentals.

 

[rocker_oz33]

People are paying these prices because there is high demand to build and lack of rentals.

But that area might of been that high say 5 years back?

Seems to be a area growing then the price goes up .
Then woolies, Coles and shops are build.

 

[MP_]

But that area might of been that high say 5 years back?

Seems to be a area growing then the price goes up .
Then woolies, Coles and shops are build.

Land prices have tripled in the last ten years. I’ve built 6 houses over the last 20 years, the market is bonkers now.