28.3% Growth: A Strategic Investment in Metro Adelaide

The property was acquired in Metro Adelaide in Late December 2023. The reason we are now presenting older properties is so that people can see how these properties have performed over a period.

Its grown in value by 𝟐𝟖.𝟑% to almost $660k

The client is an astute business owner. When they first came to us, he was looking at acquiring something in Melbourne and a development potential block of land where he wanted to live in an old grubby house and maybe do development at the back.
While the strategy is something that we support for a lot of people, this didn’t suit his strategy. Because he was a business owner using his business to build assets on the side. We proposed a different strategy which still included him acquiring something in Melbourne further down the track. We started off small and converted his original $100k to a $250k, that’s 150% return on investment.

*$515k purchase price. 782 sqm land, corner block with a potential to make three townhouses there or retain the house and build one of the side
*The yield on the property is circa 5%
*26 km from Adelaide CBD
*Around the corner from beach, train station and major shopping strip
*Easy access to city
*In the growth corridor 100%

Now let’s try to understand why do we think this is a growth corridor, lets see some high level data

*Demand supply ratio of 52. That means demand is significantly higher than supply i.e. there are more people looking for properties than the available supply
*Days on market under 45. Coming off from 73 days previously
*Stock on market less than 0.2%
*Renters proportion 21%
*Vacancy rate under 0.1%

If you are a passionate property investor, then let’s chat property. Until the next purchase. Peace out!!