Adelaide, SA
Purchased via Negotiation
- Purchase Price in June 2024: $635,500
- Valuation in September 2024: $650,500
- ROI: $15,000 equity gain in 3 months
Our first-time local investor came to us seeking guidance on where to start and expand his property portfolio. Concerned about overpaying and ending up with a lemon, he needed expert advice. We worked closely to educate and support him, exploring several locations that aligned with his goals and strategy.
After thorough review, we pinpointed a northern Adelaide suburb, about 30km from the CBD, as the ideal choice. This suburb has seen impressive growth, with a 12.7% annual increase over the past decade, and a remarkable 17% growth in the last year alone. It also offers nearly a 5% yield. With ongoing infrastructure and regeneration projects, and the overall growth of Adelaide, we’re confident that this area will continue to deliver strong returns and benefits to property owners.
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