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South
Australia is commonly seen as a great place for property
investment due to it's relatively low house prices &
comparably high rental returns.
These
pages are aimed at helping you to understand the Adelaide
property market. We have also included some tools from
external sites such as the ABS information.
Step
1. - Stamp Duty in South Australia
If
you are looking to buy an investment property in South
Australia you will need to pay stamp duty. If you are
looking for more information about Stamp Duty in SA
it is handled by Revenue SA - click
here
Step
2. - Where to buy & what will it cost.
BizOz
Finance is not able to direct you exactly where to buy,
although we have included some links to websites that
can help you to make an informed decision regarding
investing in property in South Australia.
We
find that the easiest site to access demographic information
& ABS data is domain.com.au
Step
3. - Legal obligations
When
you buy a property in South
Australia, a conveyancer is generally used. A conveyancer
will take care of the main legal requirements for a
real property transfer in SA, including water, council,
stamp duty, emergency services levy, etc.
Step
4. - Property Managers & rental return
The
average rental return for an investment property in
Adelaide is $1280 per month according to RpData.
From our own experience investment properties in places
such as Davoren park will attract around $600 per month
rent for an investment of under $200,000. Where as an
investment of around $300,000 will get you a $1300 return
in places such as Mawson Lakes.
Step
5. - Investment Finance
All
of the big banks such as ANZ, Commonwealth, NAB &
Westpac operate in South Australia. SA has 2 banks that
are quite unique one being Adelaide Bank & the other
being Bank SA. Both the Adelaide bank & bank SA
are seen as organic lenders in South Australia, although
Bank SA is now owned by St George & Adelaide Bank
is now in partnership with Bendigo bank. BizOz Finance
can help you to secure investment finance for your next
property, providing you meet standard lending criteria.
We
hope that this information helps you to make an informed
decision regarding property investment in South
Australia & we look forward to your enquiry
for an investment loan.
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