Posts Tagged ‘Adelaide’

Watch this Video to hear from Raine & Horne SA’s CEO Kevin Magee, to find out what is happening in the SA Real Estate Market in January 2011.

This blog post and video is brought to you by Raine & Horne Glenelg, your Glenelg Real Estate Agents and Glenelg Property Management Experts

Adelaide renters are paying $15 a week more compared with this time last year and can expect further rises.

Real Estate Institute of SA figures show the median weekly rent in Adelaide hit $310 in the December quarter, up 5.1 per cent on the $295 weekly median from the 2009 December quarter.

Industry experts attributed the increasing rents to a tight market and interest rate rises.

The rise in weekly rent came despite a 5.5 per cent increase during the past year in the number of properties available for lease.

REISA president Greg Nybo said the rises were to be expected in Adelaide’s rental market, where the vacancy rate had hovered at or below 1 per cent for much of the past year.

“What we are now starting to see is the reality of a very, very tight rental market,” Mr Nybo said.

“When you have so many people looking for a limited product, rents are going to go up accordingly.

“A lot of landlords have also adjusted their rents with increases in interest rates and ongoing price rises for utilities.”

Statewide, the median weekly rent increased 5.5 per cent during the past year to $290. Mr Nybo said the larger statewide increase could be reflective of the state’s expanding mining sector and a mostly strong year for farmers.

“If the job is there and people are moving to the country for employment in mining or agriculture, it’s going to make for limited stock, which again means higher rents,” he said.

Mr Nybo said that with interest rate rises forecast for this year and no sign of demand letting up, similar increases in rent could be expected in 2011.

 Property Investors: Are you getting the right rent for your property in this market?  Find out what rent you should be getting…

Simply enter your property details and we will email you a free appraisal as to what your Glenelg or Western Coastal investment property should be renting for.

 Click here for an appraisal form

This blog post is brought to you by Raine & Horne Glenelg, your Glenelg Real Estate Agents and Glenelg Property Management experts.

Source: Adelaide Now

Watch this Video to hear from Raine & Horne SA’s CEO Kevin Magee, to find out what is happening in the SA Real Estate Market in December 2010.

This blog post and video is brought to you by Raine & Horne Glenelg, your Glenelg Real Estate Agents and Glenelg Property Management Experts

Watch this Video to hear from Raine & Horne SA’s CEO Kevin Magee, to find out what is happening in the SA Real Estate Market in November 2010.

This blog post and video is brought to you by Raine & Horne Glenelg, your Glenelg Real Estate Agents and Glenelg Property Management Experts

The Premier of South Australia, Mike Rann has just released video animation on his Youtube Channel, of the proposed commuter rail services to Flinders University and an underpass at the intersection between Main South and Sturt roads.

These improvements to the transport to Flinders University and Flinders Hospital are among a series of possible improvements outlined in the draft Darlington Transport Study being released for public feedback.

Watch this video for animation of the proposed tram to Flinders Hospital and Flinders University via an extension of the Tonsley rail line;

Watch this video for animation of the proposed underpass at the intersection between Main South Road and Sturt Road and depicting the connection to the proposed duplication of the Southern Expressway;

Source: youtube.com/user/PremierMikeRann

This blog post is brought to you by Raine & Horne Glenelg your Glenelg Real Estate Agents and Glenelg Property Management Experts.

As summer holidays are just around the corner, Glenelg will be invaded every weekend enmasse by whirring pelotons of men clad in their eye-scorching yellow Peugeot Spandex and lycra, riding upon expensive $3,000 -- $20,000 carbon fibre racing cycles.

These enthusiasts live a Tour de France in their own minds every weekend, racing around Adelaide’s city roads, freeways and pushing steep hill climbs on country roads, stopping only to sip lattes en masse in beachside cafes.

At Tour de France time some of these enthusists even install stationary bikes in front of their TV and follow the le pack from les Pyrenees to Paris -- while still in Adelaide.

Research suggests that over the last decade Australians bought more bikes than cars. We now own about 1.4 million more bikes, compared with 1 million of their fossil-fuelled counterparts. The number of people who choose cycling as their method of commuting has also boomed -- by 2016, 5 per cent of all journeys to work is expected to be by bicycle, up from 0.8 per cent in 2006.

Undeniably cycling has arrived as the new men’s sport and has overtaken golf. So why has cycling boomed in Adelaide particularly for men?

In Adelaide the effect of the “Tour Down Under” and the “Lance Effect” has ignited the popularity of cycling for men, who have reacted to the excitement of the racing, and the environmental, health and practical benefits of pedal power.

The “Lance Effect” refers to the influence Lance Armstrong has had on the popularity of cycling worldwide. Armstrong’s popularity was evident in Adelaide last year when he sent out a tweet inviting people to come ride with him and Australian cyclist Robbie McEwan. Over 5,000 people showed up, creating chaos.

Lance has done this also in Los Angeles, Glasgow and Dublin, and he has been continually shocked by the overwhelming response that his messages evoked.

Cycling has now reached a fundamental turning point in popularity. Ten years ago bike riding was a specialist activity, but now bike riding is a mainstream activity.

Governments also understand that cycling is a good thing to back. For instance, the SA Government is including a bike plan in its transport blueprint and 30 year plan, and has put a lot of money into specialised bike infrastructure and the State Government is aligned into a national cycling strategy.

Although Australians now own more bikes than cars, many of us still intend to ride to work/shop/end of our driveways but never do – and this is one of the principal reasons why many of us are found looking wistfully (or resentfully) at cyclists from cars and buses.

Do you want to get aboard the cycling revolution?

If you would like to get fit and get involved in the cycling revolution this summer you don’t have to buy an avanti carbon fibre racing cycle and squeeve into lycra to enjoy this sport…

Just visit SA.gov.au to find Adelaide’s bicycle routes and maps, road rules and safety, education programs and more general information about cycling.

This article is brought to you by Raine & Horne Glenelg, your Glenelg Real Estate Agent and Glenelg Property Management experts.

Watch this video … to get the latest in the South Australian Property Market Updates

This video is to brought to you by Raine & Horne Glenelg your Glenelg Real Estate Agents and Glenelg Property Management Experts

For Adelaide to become a more vibrant and sustainable city, we need to stop the urban sprawl.

Did you know that Adelaide covers the same area as London? The major difference being that London has a population of 7 Million whilst Adelaide has a population of just 1 Million.

So what does this mean for our kids…

Gone are the days that we condemn our kids to migrating to the outer suburbs, to find the cheapest block of land, or house & land package that they can afford to purchase as a first homeowner.  And in the process condemn them to owning two vehicles to commute to work and raise a family to commute to school and leasure.

At last we have a sustainable plan for Adelaide, which provides us with a direction on population and how our city will grow.

Watch this Youtube Video about Adelaide’s 30 Year Plan…

So how does the 30 Year Greater Adelaide Plan change the future for our kids… 

The first step is what is happening now with our $2 Billion Public Transport Infrastructure Upgrade.

This investment is all about improving our public transport with modern new electrified passenger trains, trams and modern buses which integrate into our train and tram network. The next step once our public transport network is upgraded, is to encourage urban consolidation along our major public transport corridors, which means we will lessen our reliance on vehicles as our sole form of transport.

How will the 30 Year Greater Adelaide Plan encourage urban consolidation?

The 30 Year Greater Adelaide Plan, announce the intention of our Government to encourage higher density housing along our major publice transport routes by relaxing Council Planning policies 800 metres either side of major public transport routes.

So if I was a Property Investor… where should I purchase property for future growth?

Obviosly 800 metres either side of the major established train and tram lines!

This story was brought to you by Raine & Horne Glenelg, your Glenelg Real Estate Agents and Glenelg Property Management Specialists.

House prices are rising rapidly in line with the strength of the South Australian economy

Somerton Park records a massive 35.64 per cent growth last year

Adelaide home price median rises to $382,000. Adelaide house prices have risen by more than 6 per cent in the past year and further strong growth is forecast for the year ahead.

Official Valuer-General figures, released, reveal the metropolitan median price rose 6.25 per cent to $382,500 in the December quarter 2009, compared to the same period in 2008.

Across the state the improvement was almost as dramatic, with a 5.77 per cent increase to $352,000. A year ago, the annual increases were only 1.4 per cent for the Adelaide metropolitan area and 4 per cent for the state as a whole.

The latest results impressed Real Estate Institute of SA, who said the figures were particularly promising given the Federal Government’s First Home Owners Boost was halved during the December quarter.

A statement released by REISA said; “this clearly demonstrates the faith people have in investing in bricks and mortar, and the reliability of the property market in Adelaide and South Australia,” he said.

“It gives us plenty of confidence that the property market will continue to grow now the boost has finished and we have reverted back to the existing $11,000 grants for established homes.

“People will still continue to enter the property market because they know it is a good investment, not because they get a one-off cash bonus.”

Somerton Park topped the list with massive growth of 35.64 per cent on last year.

The list was based on suburbs with 10 or more sales in the quarter.

It was followed by Broadview (28.42 per cent) and Willaston (22.37 per cent).

Western suburbs Clarence Gardens and Dover Gardens, and Burton in Adelaide’s north, also made the list, increasing by 22.21 per cent, 21.93 per cent and 21.57 per cent respectively.

Describing Somerton Park as “ideal for families”, Raine & Horne Glenelg Principal said Someton Park had benefited from the price rises of neighbouring Glenelg.

“I think people have realised that Somerton Park has been a bit of a hidden secret for a little while,” she said.

“A lot of people try to go to Glenelg but because Glenelg has gone up so much people have started to look further a field, which has resulted in price rises hitting the adjacent beachside suburbs.

“The beaches and the Somerton Life Saving Cluyb cafe on the beach, makes sunset there absolutely gorgeous, and because Somerton beach is not as well-known as Glenelg it’s less busy.”

Monika Bonet is the Principal of Raine & Horne Glenelg, your Glenelg Real Estate Agent and Glenelg Property Management expert.