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Old 05-07-2020, 01:03 PM   #1298
Mulva
FF.Com.Au Hardcore
 
Join Date: Mar 2019
Posts: 580
Default Re: Australia housing bubble

@Franco...Two Wells, Angle Vale, Virginia etc offer much bigger blocks compared to the Northern Suburbs that they are only a few minutes away from. Although they are in Adelaide's rural fringes they are on 'The Plains' and therefore much easier to defend against bushfire compared to 'The Hills' (Mt Lofty Ranges).

They aren't that much further up the road from Adelaide's outer suburbs, not much further in KM's nor time as you are travelling at open road speeds, and the Northern Connector has made those towns and outer northern suburbs much closer timewise than what they were last year.

Last year my sister picked up a 5 bedroom 3 bathroom house built in 2008 on 1900+ square metre block within township of Angle Vale for $435k. 2 large living areas, separate meals area and dining room, double garage under main roof is 7.5m wide by 8.5m deep, large shed with 3-phase power, ensuite has spa and is bigger than the second bedroom in my house. Was advertised for $490k but they got price down a bit as it was not presented very well and needed bit of clean-up/tidy-up. At open listings the dining room had a pulled-down Harley in it, and it was filthy...needed paint throughout and carpets replaced, and yards were completely over-grown. Was only 11 years old and structually sound, just needed few $k on carpets, paint and landscaping.
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