Elizabeth Downs -Hot lead for low cost Mortgagee Sale
- Thread starter Stangman
- Start date
Murray bridge,Mount Barker & Naracoorte/Lucindale all send multiple rates notice together in one envelope,have for years.
Anyone here buy this Davoren Park double?
http://www.realestate.com.au/property-duplex+semi+detached-sa-davoren+park-117508647
At $309k I thought it was ridiculously overpriced so will be interested to see what it sold for.
http://www.realestate.com.au/property-duplex+semi+detached-sa-davoren+park-117508647
At $309k I thought it was ridiculously overpriced so will be interested to see what it sold for.
Here's an interesting one
http://www.realestate.com.au/property-unit-sa-queenstown-117572015
http://www.realestate.com.au/property-unit-sa-queenstown-117572015
Wow that's on one of the worst street too. Anyone else notice the asking price for has gone up heaps lately? Can barely find anything decent that doesn't have a price tag beginning with a 2xx
Not really.
Like anywhere, depends on block size, house condition and location. Personally I only want stuff that's both cashflow positive and on a splittable block. Most of the stuff thats 200k bracket is either new/big houses, or unrealistic vendors who end up having to sell for a lot less a few months down the track.
sorry only focusing on >900 blocks
Would likely include a reasonable amount of >900
It's interesting that there have been that many >$200k
Need to compare that against the sales volumes for sub 200k.
Elizabeth House Sales Last 12 months $100,000 - $200,000 >600sqm
Elizabeth Vale 9 (3 of these are $195-200k)
Elizabeth Park 36 (6 of these are $195-200k)
Elizabeth East 25 (5 of these are $195-200k)
Elizabeth Downs 50 (10 of these are $195-200k)
Elizabeth Grove 16 (3 of these are $195-200k)
Elizabeth South 17 (1 of these are $195-200k)
Elizabeth 7 (2 of these are $195-200k)
Elizabeth North 37
**SOURCE - RP Data
Good job Brady.
So near on a 50% split between sub 200 vs 200k+ sales. I'm surprised to be honest, I thought it would have been more of a 2:1 ratio - times are a changing.
Sales per suburb largely reflect the quality of the areas, ie. the high number of Elizabeth Downs sub 200k sales.
You're welcome.
Not going to lie did surpise me a little but, but it's definitely true that alot of properties are coming onto the market trying to achieve the $200k. I know from my own saved searches in RE.com for the Elizabeth areas I don't have as many properties coming through (because of my price range).
I believe that soon there will be some emotional involvement and people will start putting this as there base, looking at the data could even assume it's already happening.
After seeing so many sales for $195k, $199k & $200k I thought it would be relivant to show how many there was.
If someone has too much time on their hands, it would be interesting to go through that list and look at how many of the 200k+ sales where new/recent builds.
Not many, pretty much 0. These were all >600sqm not many people build brand new on >600sqm in this area.
You're right, I missed that these are 600m2+. As you correctly alluded to, the majority of the new builds are around 3-400m2.
