I thought you'd find that link interesting.
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Yes sir the prices are mind-blowing. I don't know how most people can afford a house! I might have to live in an RV if I was there.
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Yes, and that is a country location; Nearer the city it is much higher. The average 3 bedroom house in the greater Adelaide metro area sells at $430,000 as of today. A lot huh? Not as bad a Sydney or Melbourne though.
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That's incredible. You could buy a near mansion for that here, especially a fixer upper. With acreage! Is there a chronic shortage of houses there?
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There's no shortage...In places there's a glut in fact. The city (CBD) is full of apartment buildings constructed by Chinese consortium's with no concept of how Aussies want to live. Many remain vacant, whole buildings if 300+ apartments may have only 20% occupancy, all Chinese.
There's plenty of houses to go around, a lot of urban infill and developments in outlying areas, say, 20-25km from the CBD...There's no cheap houses though. In some of the worst suburbs $200,000 is about the basement for a 3br house. I mean suburbs where you don't want to go and you lock your car doors as you drive though...So yeah, pretty costly.
It's pretty interesting. That link I sent you will go a long way towards demonstrating it. You can trust type in Adelaide and then work your way outwards watching the price changes. There's also links to suburb flyovers (research suburbs) which will show demographics. As a former RE business owner you may find it interesting.
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Wow, the Chinese built aparment buildings.. sounds like their ghost cities over in
China! Does your company handle apartment buildings too?
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Yep, the idiots thought they knew better than everyone else and figured let's build the same crap as we do in china. They also built apartments at under 41sqm in size...Which they didn't realise the banks wont lend on...So, yeah...Welcome to property development outside of China folks. They learned and have disappeared now.
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Good riddance! lol. What insanity. Hey was there an Engagement League this week? I didn't see any on Asher's blog.
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Yeah there was. I'm not sure of the placings though.
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