Expatriate Forums in Australia

crynox · Joined: 06 Dec 2007 Posts: 1 Home Country: uk

Hello everyone Im new to this forum!

Just after some advice really, I ve been offered a brand new 4 bedroom house with a double garage in Munno Para West for $297,000. Im just wondering what people think of this area and if this is a good price, would I be able to rent it out easily etc.

On the rental values I have been quoted I would be out of pocket by $6,000 a year as the rent does not fully cover the cost of mortgage, water, council tax etc per year, however Iam being told that the market is booming at the moment and house prices/rent figures are rising...is this correct ? Or optimistic ?

I have been told that the housing market is rising at about 8% per year at the moment.

I am a british person who is maybe looking to relocate with my family in the future, I would appreciate any comments from people already living in Adelaide who undoubtedly understands the local situation better than me.

Thanks,

Rich.