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Adelaide/Australia Buy To Let?
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| Adelaide/Australia Buy To Let? |
Posted: Jun 29 07 18:30
Total Posts: 7
Users Rating: unrated
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I am looking to gather advance information from fellow investors around potential buy to let investments in Adelaide, South Australia. I will be re-locating there summer 07 and am looking to collate info in advance of my move in order that I can begin investing immediately. Info relating to the following areas would be appreciated:
i. Expected Interest Rates
ii. Rental Demand
iii.Buy to Let Products
iv. Property Capital Growth Trends
v. Expected Rental Yields
vi. Location Hotspots
vii.Re-sale Market Performance
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Posted: Jul 3 07 10:02
Total Posts: 334
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Hi Stewart
This is my wife's home town and we looked into BTL here a year or so ago.
One of the biggest off-putting factors for us was the very high purchase costs - it worked out at around 12% of the purchase price!
As for cap growth, the big rises really happened a little while back now and prices are fairly static, I understand; but Port Adelaide is a potential high growth area long term - big area of rejuvenation.
BTL products are available and the Australian market is v familiar with the whole concept. Rental markets vary locally, so require some research.
cheers
Robin
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Posted: Jul 3 07 10:53
Total Posts: 7
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Thanks Robin, 12%, ouch!!! Will check out port Adelaide.
Stewart.
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