Metro Adelaide Investment with 9.9% Growth and Yield Potential

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

*The property acquired in Metro Adelaide $505 purchase price. 731sqm land in high density zone, valuation at $555k which is 9.9% growth.

*The rental on the property is $470 per week, making the rental yield sit at 4.84%. This will be increased to $520 per week taking the yield to 5.4% shortly.

*Can do three townhouses here, each selling at around $650k in todays time.

*18 km from Adelaide CBD

*Walking distance to Lake, playground, primary and secondary school, parks and two shopping centres

*5 mins drive to the train station

*In the growth corridor 100%

The client is a young family who were about to have kid. They are both working parents who wanted to start their property journey with short term growth. They were sitting on a lot of equity but they wanted to ensure they do so in a safe and secure manner. We started them off on their foundational property journey where we will add more cashflow to their portfolio while not sacrificing long term underlying fundamentals.

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

*Demand supply ratio of 62. 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 44. Coming off from 62 days previously

*Stock on market less than 0.52%

*Renters proportion 28%

*Vacancy rate under 0.23%

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