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52 Castle Street Reynella

It's with great pleasure to present

Your Focus Market and Property

and this is why...

Lucy and Marco currently have a PPOR in Melbourne with approximately $100 000 in equity. The property is currently worth $725 000. They would like to upgrade into their ideal owner-occupied which is currently worth approximately $1 000 000. They are pre-approved for $600 000 but do not want to purchase over $550 000.

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

27.9% 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 4.90%

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.

Days on market have reduced since March 2021 by -21.9% to 25 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 44.4% 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 19.3% 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

OUR SUGGESTED PROPERTY

52 Castle Street Reynella SA 5161

Property details

3

1

1

Asking Price

Target Price

Potential Rent

Potential Yield

$430,000

$510,000

$450 p/w

4.59% Gross

Where is this Property?

ComparAtive properties

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 $2,300 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 $1,300 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 23/03/22

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?
lease expires 19/08/2022

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?
$380 per week;
CAN BE RENTED FOR $450 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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