South Australia Real Estate Report - March 2011

Raine & Horne South Australia CEO, Kevin Magee answers the top real estate questions every month including "HOW'S THE MARKET?" in South Australia and "WHAT DOES THAT MEAN FOR ME?" in the process identifying real estate opportunities, clarifying trends and providing property market tips for Raine & Horne members, Buyers, Sellers, Investors (Landlords) & Tenants. For ongoing & concise property updates, media scoops and tips follow Kevin on Twitter @rhSA_CEO

Please note rhSA reserves the right to remove any comment that is derogatory to other readers or adds no value to the conversation.

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[km4242]

(cont. from prev); Depending on which report read SA median price is now 4.3 to 7x average income– anything else growing like this suggests a good investment. I speak to alot of property investers,researchers & reporters. The overwhelming feedback is SA property investment is still a good option but it pays 2do homework B4 buying. API, YIP Magazine & AFR & agents r good info sources. The vested interest of (quality) real estate agents isn't ‘selling' property, it's 'happy+repeat' customers

[km4242]

(cont. from prev); To avoid a bad property investment result (1) Seek advice from a relevant prof. such as an accountant B4 investing (2) Take out Landlord Insurance (3) talk to others 'in the know,' e.g. an experienced investor not involved in the sale (4) Engage a Quantity Surveyor for tax benefits (5) Make ur decision based on research not emotion or ‘pitch’ (6) Use a Property Manager. Investing in property is a serious business – but it gives good returns when done correctly.

[km4242]

Hi Pariszaban, thanks for your comment. I've replied in 3 parts as you raise some good points and an opportunity for tips to protect investors. I agree people should be ‘cautious’ when considering any large investment including property & need to investigate properly before taking action. The vast majority of property investors I've met are very positive about their experiences (ESPECIALLY in SA), HOWEVER bad experiences do occur, some reasons whya and how to avoid them are as follows:

[km4242]

Thank you FourAce. I am a strong advocate that in any industry a professional will tell potential and existing customers what they NEED to hear rather than what they WANT to here. I'm pleased to say I know this opinion is shared throughout Raine & Horne SA's offices - its part of the culture that attracted me to the brand.

[squizznut]

Another nice video Kevin...thanks! Andrew

[km4242]

@squizznut Thank you Andrew

[parsizaban]

median S.A. housing price is 7 times the average income. Beware of buying houses for investment.

[TheProjectview]

Thanks for the info Kevin!

[FourAceLab]

Hmm, good to see the truth being told...not many agents would tell you the market has slipped a little!