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3 Pine View Drive Paralowie

It's with great pleasure to present

Your Focus Market and Property

and this is why...

Luke is based in Melbourne, and was referred to us by Emily Wallace. Luke has a goal of purchasing 4 properties within the next 10 years as well as purchasing a PPOR in Melbourne in the future. Luke has a rough borrowing capacity of $800,000 - 900,000.

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 SALISBURY

The City of Salisbury is located in Adelaide’s northern suburbs, about 25 kilometres from the Adelaide CBD. The City of Salisbury is bounded by the City of Playford in the north, the City of Tea Tree Gully in the east, the City of Port Adelaide Enfield in the south and Gulf St Vincent in the west.

Proximity to major employment nodes is a key part of the Salisbury appeal. Food and beverage manufacturing, advanced manufacturing, defence, cybersecurity and space are emerging industries, attracting businesses and generating jobs.

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

Economic Profile

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

Economic Development Strategy

Salisbury City has large amounts of infrustructure projects in place to support economic growth

Renewal of Salisbury City Centre

The City of Salisbury is a flourishing city that offers opportunity for all. It is one of the fastest growing cities in Australia and a hub for innovation and, business.

PARALOWIE 5108

Market Conditions

27.2% 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 5.47%

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.

-1.85% 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 March 2021 by -16.2% 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 18.1% 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 5.8% 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

3 Pine View Drive Paralowie SA 5108

Property details

3

1

2

Asking Price

Target Price

Potential Rent

Potential Yield

$399,000

$470,000

$420 p/w

4.65% 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 $2,100 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 on 22/03/22

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 2001

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 ends 4/08/22

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?
$240 per week;
CAN BE RENTED FOR $420 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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