FINAL STAGE SELLING FAST
BUY DIRECT - DEVELOPER DISCOUNT
The Torrens Rd location provides ease of access to shops, the CBD, buses, trains, movies and the beach. Nestled in the Western suburbs of Adelaide, it's presently very affordable given its proximity to the CBD and also the beach.
Infrastructure investments and developments happening in the vicinity include the upgrade of South Road, redevelopment of the Arndale Shopping Centre, and new developments in Bowden, St. Clair and the Brickworks Markets. Kilkenny and the surrounding areas of Croydon Park and Woodville are being increasingly gentrified, which will improve property values over the coming years.
|Verandah & Balcony||6.78|
|Verandah & Balcony||6.78|
|Number of 3 Bedroom Townhouses||22|
|Number of 2 Bedroom Townhouses||2|
“Areas like Woodville are undergoing gentrification and would return close to 5% gross yield and be cash-flow positive, meaning that its rental income would be greater than expenses," says Siwek.
Then there’s a mix of more popular suburbs surrounding the city centre and interest in these areas depends on what type of investment you’re after. The initial ring of suburbs around the city are in huge demand among both owner occupiers and investors, says Waterman. “If you want prime real estate in Adelaide, that’s where you buy,” he says.
Commonwealth Bank, April 2015
“CoreLogic RP Data’s head of research Tim Lawless said the Reserve Bank’s interest rate cuts in February and May helped fuel demand for property. In Adelaide, property prices rose by 4.5 per cent, with the median dwelling price hitting $405,000.”
CoreLogic, 30 June ‘15
“In the year to 2014, SA’s population increased by 15,200 people. The ABS data shows that at June 2014, south Australia had an estimated resident population of 1.69 million, with 77 per cent, or 1.3 million, living in greater Adelaide.”
Australian Bureau of Statistics, June ‘14
“In all 86.4 per cent of investors made a profit when they sold their property in Adelaide. Mr Kusher said the number of profit making sales was trending upwards in Adelaide.”
CoreLogic RP Data Pain & Gain Report, June ‘15
The Breeze On Torrens Lifetime Rental Guarantee is offered exclusively to investors who choose to have their property managed by KingsCoin.
The Lifetime Rental Guarantee ensures that you will receive a fixed payment in lieu of rent for your property for a maximum of 50-weeks per year, irrespective of whether you have a tenant in place.
The Lifetime Rental Guarantee on Breeze On Torrens has been calculated at $390 per week. This has been set based upon an appraisal for rents of similar properties in the area, which range from between $400 - $420 per week.