Just Don't Invest Here!

The ship has sailed a long time ago in Elizabeth East, take your money elsewhere!

Suburb Details:

There aren’t many properties available in Elizabeth East under $450,000 and I want to start off the article by saving I would not being investing here anytime soon. But in true fashion I try to cover all the suburbs I can find under this price tag and this area is an honourable mention as it has performed exceptionally well for previous investors (pre-covid). With both stock on market and days on market increasing there is less pressure on the market in South Australia causing house prices to stagnate. In May I mentioned that Elizabeth North had potential but there also appears to be no more properties left under $450,000. But just because that suburb did well I would not jump onto Elizabeth East as this is not the same market, demographic or dynamic.

Key Data Metrics

Location & Infrastructure

Elizabeth East is a suburb of Adelaide in South Australia, located approximately 25 kilometers north of the Adelaide city center. The suburb is part of the City of Playford and is primarily residential, featuring a mix of established homes and newer developments. Key infrastructure includes several schools, such as Elizabeth East Primary School and Pinnacle College, providing quality education options. The area is served by public transport, with regular bus routes connecting residents to nearby Elizabeth and Munno Para shopping centers, where a wide range of retail, dining, and entertainment options are available. -The suburb also benefits from proximity to the Lyell McEwin Hospital, ensuring accessible healthcare services for its residents.

Other Important Factors:

One of the major concerns as an investor is the amount of developable land in Adelaide's east and southeast. This area offers potential for large-scale developments, but the further north-east you go, the farther you are from the city centre, making it less desirable for owner-occupiers.

Additionally, Elizabeth East and its surrounding suburbs experience higher crime rates compared to other parts of Adelaide. The area also has a significant amount of public housing, which may not be attractive for long-term renters. However, choosing streets with fewer social housing blocks can mitigate this concern.

Vacancy rates maybe low at the moment but with days on market & stock on market increasing there is less pressure on the market causing rent & house prices to stagnate.

Nearby Major Projects:

• Plans To Build 3500 New Homes In Elizabeth South & Smithfield

• 23,700 New Homes For South Australians. Residential land release and rezoning

Example Property:

_{*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.}

Pro’s Of Investing In Elizabeth East

• None that I can really think off…..close the airport (but that’s not enough to invest!)

Con’s Of Investing In Elizabeth East

• Trending up days on market and stock on market → less pressure.

• Properties are close to a RAAF Base → Noise & Air Pollution

• Poor reputation as a place that owner-occupiers want to live in.

• Crime is high compared to other parts of SA, it isn’t ideal for liveability.

• Average rental yields with no sign of future capital growth in the short term.

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_{Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organization. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.}