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88 Grant Road, Reynella

It's with great pleasure to present

Your Focus Market and Property

and this is why...

Hi Dean, 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 $630 000 mark. This property would be tenanted for around $700 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 ONKAPARINGA

The City of Onkaparinga is located on the southern fringe of Adelaide, South Australia. It is named after the Onkaparinga River, whose name comes from Ngangkiparinga, a Kaurna word meaning women’s river.

The city of Onkaparinga is largely supported by the economic stimulus and employment growth, that is found in the Marion LGA, which is the neighbouring local government area. However, house prices around Marion council which are similar in profile, range from 70% to 120% more than what can be found in Onkaparinga, which in areas is considered to hold similar amenity profiles to that of Marian’s LGA.

With more affordable housing and similar profiles, we are experiencing a large amount of movement into these markets where housing and accommodation is far more affordable. This encourages families and homebuyers too live more comfortably creating positive lifestyle and gentrifying markets.

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 Strategic Plan

The strategic plan is a roadmap that shows how the suite of plans provide strategic direction and operational focus to ensure that goals and outcomes are achieved in the most effective and efficient way.

Onkaparinga Now

In Onkaparinga Now you’ll find the latest council news, lifestyle and environment stories, and feature articles on community members and local businesses.

City Profile

The City of Marion Community Profile provides demographic analysis for the City and smaller areas within it based on results from the 2016, 2011, 2006, 2001, 1996 and 1991 Censuses of Population and Housing.

REYNELLA 5161

Market Conditions

25.3% 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 5.17%

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.

-2.30% 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 -22.6% to 24 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 decreased by -29.5% in the last year

The reduction of new listings tells us that vendors are realising the values of thier properties, and are therefore holding their assets.

Stock on market has decreased by -24.2% over the last year

As vendors begin to realise the markets potential, savvy owners are holding their properties to gain the value in the markets current and forthcoming growth.

Economically influencing projects

Glenthorne Farm

The City of Marion has partnered with the State Government, private land owners and the community to establish a publicly accessible and vegetated Glenthorne Farm.

Mitchell Park Sports and Community Centre

Marion Council has committed $10.74 million towards this redevelopment with the Federal Government contributing a further $5 million as part of their pre-election pledge to rebuild the facility.

nbn™

The National Broadband Network (nbn™) network is Australia’s new landline phone and internet network, designed to give you access to improved speeds for your phone and internet service.

Tonsley Innovation District

Tonsley is Australia’s first innovation district, connecting businesses with the best and brightest.

Oaklands Community Connections Project

To complement the Oaklands Crossing Project the City of Marion is working on an exciting project for Oaklands that will significantly improve connectivity to Marion Regional Centre.

Sam Willoughby BMX Facility

The State Government and the Cities of Marion and Onkaparinga have committed funding towards the development for a $5.8 million Union Cycliste Internationale track in Southern Adelaide.

Southern Soccer Facility

The City of Marion and Football South Australia have been working in partnership to deliver the new Southern Soccer Facility on Majors Road, Trott Park. Council has committed $4.5 million towards the new development with the State Government providing a funding commitment of $2.5 million.

Building a better Marino Community Hall

https://www.marion.sa.gov.au/about-council/major-projects/marino-hall-redevelopment

Coastal Walkway Redevelopment

Council has endorsed a $4.8m Coastal Walkway plan to re-open gullies and extend the walkway to Field River mouth.

North South Corridor (Torrens to Darlington)

The Torrens to Darlington (T2D) section is the final piece of South Australia’s North-South Corridor.

OUR SUGGESTED PROPERTY

88 Grant Road, Reynella, SA 5161

Property details

4

2

3

Asking Price

Target Price

Potential Rent

Potential Yield

Best Offers

$630,000

$700 p/w

5.78% Gross

Where is this Property?

ComparAtive properties

$ 500,001
12 Oct 2021
$ 510,000
11 Oct 2021
$ 520,000
20 Sep 2021

What should i know about this property?

Are there easements on the property?

please view the map to see easements

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 18th 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 1984

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?
the property is vacant

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 $700 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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