Dear Mike and Nikki,
We have selected this property for you as the location has come up in our reports to have very strong growth in the immediate and long term term future. With some of the lowest vacancy rates, and lowest supply to demand ratio in the country, you will achieve the perfect balance of yield and growth. They have listed the property at $399 999 – $439 999, I do feel it will sell at the higher side of that guide, But as you are a cash buyer it puts us in the best position for negotiations. If you are happy with the presentation we will inspect on Saturday to get a better understanding of the price point and condition.
This property is a nicely renovated home which requires minimal work, sitting on 696m2.
It’s with great pleasure to present
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.
As the market here begins to grown, the difference between the asking price and accepted price shows less and less discounting is being negotiated. This is because the market values are becoming recognised for it’s potential future value
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.
$399,500 – $439,000
Flood zones are caused by obvious causes. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments warrant higher insurance costs.
A caveat is a ruling or law attached to the property, usually with a contract attached to it. If this is the case, the caveat needs to be understood as to what it is, who it benefits and when or if it expires.
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.
There are 3 types of listing stages:
None of these types of listing types define the quality of the property.
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 depresiationg asset and can be reflective in the age of the property.
Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will on be possible at the time the tenants lease period has come to an end.