Adelaide Property: $555k Purchase with 15.3% Growth & 5.53% Yield

*PURCHASE OF THE WEEK* showcasing what our client achieved once we STRIKE even in this Hot Market!!

*$555 purchase price.600sqm land in a high density zone where you can build three townhouses.

*Valuation for this property sits at $640k which means 15.3% growth already.

*The rental on the property is $590 per week, making the rental yield sit at 5.53%.

*High density zone where you can build three townhouses

*16 km from Adelaide CBD

*Walking distance to major shopping centre and a massive park

*5 min walk to major school

Easy access to city via direct access through 2 major roads which is 5 mins drive from the place.

In the growth corridor 100%

The client is a young family and runs a hair dressing salon. Really smart and switched on business owner who wanted to use cash from the business to create wealth. All small business owners have one problem, they have loads of cashflow which they dont want to share with tax office thus their biggest problem becomes getting access to debt from the bank. When developing their strategy we ensured that the banks would’nt say no to them and they can acquire properties and build a scalable and sustainable property portfolio.

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

*Demand supply ratio of 63. 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 37. Coming off from 64 days previously

*Stock on market less than 0.45%

*Renters proportion 14.9%

*Vacancy rate under 0.14%

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