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10 Thornton Street Elizabeth East

It's with great pleasure to present

Your Focus Market and Property

and this is why...

Hi Tara and Christian, please see the following property presentation. At the bottom of the presentation, you will see a video of me talking through the presentation, please go through it in detail and come back to us today if you can. This property will generate you a strong yield in a high growth market. We are going to try secure it around the $400 000 mark. This property would be tenanted for around $390 - $400 per week, please also note, we have not inspected the property yet so would need to give you more information after inspection.

DISCOVER OUR METHODS

HOW DO WE SELECT OUR MARKETS?

Targeting locations which will grow in value by understanding what these push and pull factors are, when they will occur and how long they are due to last is what allows us to make assumptions for strong market growth.

Our methodology aligns with a number of different driving factors. Some of these include government funding, economic uplifting projects, infrastructure introduction, flanking market affects and more. However, the underlying factors comes down to a couple of basic principals, supply and demand from population movement and demographic demand.

In proud partnership with Australia's top property economists. We formulate specific data reports based on our client's requirements and the markets we shop in. Our partners have been awarded the Innovation Patent Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.

your Hot market

CITY OF PLAYFORD

The City of Playford is located in Adelaide’s outer northern suburbs, about 30 kilometres from the Adelaide CBD. 

 It is a rural and growing urban area, with some industrial and commercial areas. The City encompasses a total land area of 346 square kilometres. Rural land is located mainly in the east, north and west, and is used largely for market gardens, orchards, vineyards, horse studs and hobby farms.

Medium-scale projects generate thousands of jobs, driving the economy forward through 2020 and beyond.

Economic development activities have buoyed the property market – rents are rising, yields are good and vacancy rates are extremely low, providing opportunities for entry-level investors attracted by the affordable house prices and high rental returns.

Market Performance Over 1 Year

Long Term Financial Plan

The City of Playford’s Long Term Financial Plan (LTFP) ensures Council can deliver services, maintain assets and achieve its strategic objectives in a financially sustainable manner.

Economic Development Strategy

The City of Playford has large amounts of infrastructure projects in place to support economic growth

Economic Profile

The City of Playford's economic profile presents economic information that enables you to describe the area's role within the broader economy, explore options for economic development.

ELIZABETH EAST 5112

Market Conditions

25.8% median market growth in 1 year

The markets movement over the past year, paired with supportive driving data shows us there is good growth to come. 

The current rental yield in the market is 6.23%

As we are looking for a positively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.

-2.81% vendor discounting shows us an understanding of the market's performance

As properties begin to grow in value, vendors are realising the interest in the market and discounting less and negotiations begin to tighten up.

Days on market have reduced since October 2020 by -11.4% to 31 days.

A reduction in days on markets indicates that pent up demand is causing property in the areas to sell at vendors expectations, which empowers the local property economy.

The number of new listings has increased by 25.0% in the last year

The increase of new listings coming onto onto the market shows that vendors are wanting a piece of the action and are willing to gauge the market.

Stock on market has increased by 17.0% over the last year

As vendors begin to realise the markets potential, savvy owners are putting their properties on the market to get in on the action. This is expected to turn in the next 4 to 6 month as values rise.

Economically influencing projects

Burdell Reserve Upgrade

Burdell Reserve is a large reserve at around 10,000 square metres in size. It has many mature trees which provide shade and habitat but its existing facilities are in poor condition. It is a short distance from Hamblynn Road and the Elizabeth Downs Shopping Centre, Elizbeth Rise Community Centre and bus stops.

Willison-Goodman Reserve Upgrade

Willison-Goodman Reserve is a local reserve that also functions as a pedestrian link to shops and bus stops on Philip Highway. It has a playspace and many mature trees which provide shade and habitat.

Mandeville Reserve Upgrade

Mandeville Reserve is a local reserve that also functions as a pedestrian link between Heytesbury Road and Peachey Road. It has a playspace and many mature trees which provide shade and habitat.

California Reserve Upgrade

California Reserve is located next to shops, bus stop and pedestrian trail. It has basketball hoops, irrigated grass, signage and a playspace which has come to the end of its life.

Proposed Revocation of Community Land Classification: Allotment 52 (Elizabeth CBD)

City of Playford is proposing revocation of the Community Land classification over Allotment 52, located between Prince George Plaza and Main North Road, Elizabeth.

Proposed Revocation of Community Land Classification: Main North Road Allotments

City of Playford is proposing revocation of the Community Land classification over Main North Road Allotments in the suburbs of Elizabeth and Elizabeth East.

Munno Para West - Local Area Traffic Management Study

The City of Playford commenced a Local Area Traffic Management (LATM) Study in April 2020.

Fremont Park: Eastern upgrade concept

Fremont Park is the City of Playford’s premier park and hosts many of our civic events such as Australia Day celebrations and community carols.

Revocation of Classification as Community Land

Council is proposing to revocate a section of land which is located on the northern side of Davoren Road, currently utilised as a drainage reserve

Genetically Modified Crops Moratorium

The State Government has lifted the moratorium on growing Genetically Modified (GM) Crops across South Australia, except for Kangaroo Island.

Proposed Road Closure: Un-made Road (Parachilna Road), Gould Creek

Council is currently proposing the permanent closure of a portion of Un-made Road (Parachilna Road) located at Gould Creek.

Disability, Access & Inclusion Plan

The City of Playford is developing a new Disability Access & Inclusion Plan (DAIP).

Value Adding (Virginia) - Development Plan Amendment (DPA)

The Value Adding (Virginia) DPA proposes to establish a special area within the Primary Production Zone in Virginia to help enable the expansion of the existing Mitolo Group potato and onion processing plant on the site.

Virginia Main Street Upgrade

The Virginia Main Street Upgrade Project will improve the town’s main street to create a welcoming space for locals, businesses and visitors to Virginia.

Open Space Guidelines and Strategy - Finalised

Council has prepared an Open Space Strategy and Open Space Guidelines to help guide the development and management of open space in Playford.

OUR SUGGESTED PROPERTY

10 Thornton Street Elizabeth East SA 5112

Property details

5

2

4

Asking Price

Target Price

Potential Rent

Potential Yield

$369,000 – $389,000

$400,000

$390 – $400 p/w

5.20% Gross

Where is this Property?

ComparAtive properties

$ 500,000
8 Oct 2021
$ 450,000
11 Sep 2021
$ 460,000
2 Apr 2021

What should i know about this property?

Are there easements on the property?

there are no easements on the property

EASEMENT MAP
Easements are areas which need to be accessible by council or anyone with a right to access a portion or part of land. An easement could be related to sewage piping, gas lines or electrical works.

Is the property located in a flood zone?
The property does not fall within flood lines.

FLOODZONE MAP
Flood zones can be determined from river flood lines. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments may warrant higher insurance costs.

Is the property correctly zoned?
Development Zone: Residential

Building and council regulation states that the dwelling on top of the land needs to be classified correctly for the type of structure that it is.

Is the property in adequate condition?
YES, please see the photos in the listing

In communications with the listing agent, he/she has confirmed the condition of the property is as the listing shows. This will be verified by our team in the steps moving forward.  

What are the council rates for the property?
Approximately $3,200 yearly

Council rates are paid by the owners and fund council work and operations. Generally, the smaller the population and larger the council, the higher the fee is.

What is the cost for building insurance?
Approximately $1,400 per year

In most states, building and landlord insurance is required to by the buyer one the property’s contract has been signed and exchanged. The fee above is an average for the building insurance only.

How many days has this property been on market?
This property was listed 19 Oct 2021

There are 3 types of listing stages:

On-market, this is found on major portals
Off-market, this is for sale, but with the listing agency only
Pre-market, this has been presented to us outside of the public

When was the property Built?
The property was built in 1960

The build year should be considered when purchasing properties of different structure types. The price of the property can be reflective of the build year vs the structure type. Some structure types age better than others. At a certain price point, it is worth remembering that land is the appreciating asset, while the dwelling is the depreciating asset.

Is the property leased, if so until when?
PROPERTY IS OCCUPIED BY THE OWNER

Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will only be possible at the time the tenants lease period renews.

What are the lease rates associated?
CAN BE RENTED FOR $390 - $400 per week

Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant. 

Why is this a good option?

Please make sure to go though all the details and get back to us as soon as possible

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