Low entry costs

Adelaide’s south is quickly becoming a popular destination for all kinds of buyers, particularly young owner-occupiers. Given the signs of gentrification the region is showing, coupled with its excellent access to Adelaide’s CBD, it’s easy to see why.

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We were fortunate enough to help an Australia-based client get into the southern Adelaide market. We purchased a property that offers an excellent return-on-investment both now and into the future.

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The home is a 1970s low-set brick build on a generous 660sqm block. Combined with its ample living space – three bedrooms, one bathroom, a sizeable lounge area and space for two cars – and proximity to good schools, it’s the ideal property for a young or growing family. Equally, the home offers great access to the rest of Adelaide, including the city centre and beaches.

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We purchased the property for c. $450,000 in May 2022 via a private treaty, and our client undertook minor pre-lease maintenance, keeping the overall budget in line with their brief.

So, given this will be an investment property, what’s in it for our clients?

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The home offers a rental yield of 5.3%, which is a very decent return, making it positively geared, and because the area is still in a period of rapid growth, its value will increase substantially over time.

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It’s a result we’re really happy with, and our clients are, too.

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