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Urgent Breaking News !!!
That got your attention didn’t it !
How many opportunities do you think there are out there in the property world at the moment and what do you think the state of the market is like ? Well, at the moment I think it depends on the area. There are some fast areas as well as many slower ones. So if we choose the right area, there are literally hundreds of opportunities to make stacks of money and build up piles of equity within short periods of time…even in little old Adelaide !
Just this week, I saw a house on a corner block come onto the market. It’s an easy subdivision where a significant amount of equity can be built up within a relatively short period of time, you could either build on the new land, sell the land, sell the house, keep the house, there are so many options for this property. So I rang the agent the next day and was amazed that no-one else had made a time to go and have a look. I made a time for a few days later and as I was driving up to the property I fully expected to see a swag of people falling over each other to get this deal, bearing in mind what it was, an easy subdivision of some land on a corner block, behind a solid brick house in good condition, in a reasonable area. It was the first time this property had been viewed by the market.
Guess what, there was only one other person looking at the property and they had a quick look and left, leaving me there by myself. Needless to say this allowed me to spend some time with the agent, giving me an insight into the vendor’s circumstances, subsequently placing an offer that was attractive to their individual requirements. Even if I don’t get this particular property, I was there, playing the game, and no-one else was there to compete. I think you’ll agree this builds up your chances quite considerably.
Initially I couldn’t fathom why no-one was interested in this property. It’s a good deal. I thought maybe there was something wrong with it, did it have a big easement, a stobie pole in the way, a bikie club next door, squatters in the shed, termites, asbestos, graves in the backyard, old cars, broken roof timbers, massive cracks, drainage problems, a disgusting kitchen or bathroom etc. Nope, none of the above. I came to the conclusion that it must just be the current market in that area ! Awesome !
How many other properties must be out there right now with no-one looking at them ? How many bargains could I pick up in these slower areas, with a bit of legwork and determination ?
As of today, there are currently 11,684 properties listed on the market for sale in SA, (as per RP Data). That’s right, over 11,000 !!!! I know this may not be 100% accurate, but I am thinking that there might be enough properties for sale for me to conclude that there might be some opportunities out there at the moment !
But how many of us are maximising the current market conditions and getting out there and having some fun, looking at properties, speaking with agents, placing offers ? Not many. I say that with some level of confidence given my experience this week.
So, what can you do to get out there and get some bargains. It’s simple really. Stop daydreaming and get out there and start taking some action. Just take the first step and you will find that momentum builds, before you know it you will come across a great deal…but you won’t unless you hit the road and get out there and have a look.
Hot Tip: It is worthwhile signing up for an account on www.realestate.com.au and registering to receive email alerts when a property is listed in your chosen area. This is a great way to keep your finger on the pulse and be notified immediately of new listings. But be warned…alerts are no substitute for getting on the phone and hitting the streets. The last property I bought was purchased through an agent before it was advertised anywhere. This happens all the time.
So get out there and have some fun. Call agents, go and have a look, make offers and get some great deals. There are currently 11,684 properties on the market in SA (according to RP Data), so there is plenty of great deals for everyone !
Go get em !
Tim Ellis
Property Investor
The information provided in the Talking Property podcast is general in nature and should not be relied upon as a substitute for professional advice. Always consult with a professional advisor before making any investment decisions.
Debbie Williams is a sought after expert in the field
of property investment. She lectures at TAFE and The Property School and has written
for all the major Australian property publications. 
