A few Northern Adelaide auctions to kick off spring 2010

Elizabeth North, Golden Grove, Parafield Gardens, Paralowie, Salisbury North No Responses »
Aug 302010

Well, spring has almost sprung, and this time of year typically sees plenty of top properties coming onto the market for sale and auction. Here’s a selection of options that will go under the hammer in northern Adelaide over the next few weeks:

First up is something a little different. Here’s a great opportunity to escape from the rat race with plenty of room to move, but still be within a short drive of metropolitan Adelaide. To be auctioned at 2:00pm, Friday 3rd September 2010, 523 & 524 Wasley Road, Two Wells is situated just a few minutes to the north of the Two Wells township and comprises a lovely 4 bedroom home and sheds on over 79 hectares.

On Saturday, 4th September 2010 at 11:30am, Ray White Mawson Lakes are presenting 26 Oleander Drive, Parafield Gardens for auction. This is a spacious property with a rumpus room, a beautiful kitchen and a great location that is close to Mawson Lakes and Technology Park.

A spectacular property on over 1400 square meters, 97 Stanford Road in Salisbury Heights will be presented by Ray White Semaphore for auction at 11:30am on Sunday 12th September 2010. Featuring four double bedrooms and an expansive living area, there is ample space for the growing family here.

In Paralowie, 26 Fairbanks Drive will go under the hammer on Thursday 16th September 2010 at midday. Presented by Casserly & Mitchell Real Estate, this property has plenty of space for the large family and is close to open reserves and schools.

A spectacular federation style four bedroom home on over 800 square meters will be auctioned in a beautiful Golden Grove setting at 11:00am on Saturday 18th September 2010. Situated at 3 Unique Court, Golden Grove, this property certainly is unique and is sure to attract a crowd on auction day.

Then at midday on Saturday 18th September 2010, Ray White Paralowie are presenting a great opportunity for the first home buyer to secure a great property at auction. Unit 17, 14 Gretel Cres, Paralowie is a good size three bedroom unit, close to the Little Para River trails and Hollywood Plaza.

Also at midday on Saturday 18th September 2010, Casserly & Mitchell Real Estate will present another first home buyer opportunity – a tidy little two bedroom semi-detatched maisonette at 18 Mantissa Road, Salisbury North. A neat property with a secure yard, this could be a great starter home or an affordable investment.

Finally, if you’re looking to build an affordable first home or investment, then this block of land could be for you. LJ Hooker Golden Grove will put this battleaxe block on Bedchester Road, Elizabeth North under the hammer on Saturday 25th September 2010 at 10:30am.

Happy bidding folks!

Posted by Michael at 8:41 pm Tagged with: , , , , , , , , ,

Is this the Cheapest Home in Adelaide?

Davoren Park No Responses »
Jul 302010

Situated in Davoren Park in Adelaide’s northern suburbs, just a few blocks from the new residential development in Andrews Farm, is this neat, 3 bedroom maisonette. Priced at just $145,000 , I suspect that 29 Cockshell St, Davoren Park is probably the cheapest property in Adelaide at the moment. The property is in an area which is undergoing redevelopment as part of the Playford Alive project with new shops, schools and other infrastructure in the pipeline for the surrounding local area.

The property itself is a basic, 3 bedroom home, currently tenanted at $160/week so it’s read to go for the investor, but would also be a great, affordable first home for a young family too. For more details, view the full listing on RealEstateView.


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Posted by Michael at 4:46 pm Tagged with: , , ,

Is Adelaide a recession proof city?

General, Real Estate No Responses »
Jul 032010

I’ve just read an interesting article on the Coldwell Banker blog which lists the 21 most recession proof cities in the USA. The blog post talks about why these cities are considered to be recession proof, and specifically talks about Austin, Texas – the number three city on the list. The following is taken from the blog post…

What sets these cities apart from others? A number of them are government centers, and many have experienced a positive, stable housing market. No. 3 on the list is Austin, Texas, a city also known for its strong government presence …. We reached out to Helen Edwards, President/COO of Coldwell Banker United, Realtors’ Austin division, for her perspective on why Austin was near the top of this year’s list.

“We have been fortunate in that the Austin market has several factors working in its favor,” said Helen. “The relatively low cost of housing and commercial space makes Austin attractive to start ups and relocating companies. We did not see an enormous inflation to our housing prices during the boom, so did not have the same impact of falling prices that other markets experienced over the past few years. And being home to The University of Texas at Austin, real estate investment opportunities abound. Not to mention, it is a beautiful, vibrant city with a fairly mild climate. People just want to live here,” she said.

Does this sound familiar to anyone? To me, this description of Austin parallels the Adelaide that I know and love. There is a strong government presence here with Defence having a huge (and still growing) presence in the northern suburbs. Adelaide has a relatively stable property market compared to other capital cities – we haven’t seen the booms or busts that Melbourne and Sydney have experienced in the last decade, just nice steady growth and level periods. Adelaide is attractive to new commercial enterprises, with lower costs for commercial premesis and wages. We are home to three great local universities as well as international campuses. And we are also a beautiful, vibrant city with a great climate.

I think we’re on a winner here!

Posted by Michael at 6:56 pm Tagged with: , , , , , ,
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