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Modern buy with scale, simplicity and staying power

Reading time 2 minutes

September 28, 2022
Noarlunga Downs, SA
Purchased by
Kevin Parker
Investment snapshot
House · 3 beds · 2 baths · 2 cars · 583m² land · 180m² floor
Purchased
$600,000
September 2022
Current estimate
$997,000
Property.com.au estimate
Estimated gain
$397,000
+66.2%
Rental estimate
$700pw
6.1% gross yield on purchase
High confidence estimate.
Estimate based on publicly available property data. This is not a formal valuation or financial advice.

This Noarlunga Downs purchase appealed for a pretty simple reason. It looked like the sort of house that could just get on with the job. Not the kind of asset that needs a dramatic renovation plan, a heroic development angle or a lot of explaining after the fact. Just a modern three-bedroom home with decent scale, a practical layout and enough land to feel like a proper suburban hold rather than a squeezed product trying too hard to be something bigger.

That was a big part of the attraction. There is a difference between a property being exciting and a property being useful, and from an investment point of view useful usually ages better. A three-bedroom, two-bathroom house with double garaging in an established southern Adelaide suburb gives you a fairly broad tenant story from day one. It can appeal to families, couples and longer-term renters who want space, functionality and something that feels easy to live in. That kind of broad demand matters more over time than having one flashy feature that looks good in the listing but does not really improve the hold.

The other thing we liked was that it sat in a part of the market where the value proposition was relatively easy to understand. Noarlunga Downs is not pretending to be something it is not. It is a suburb where affordability, practicality and accessibility are a big part of the appeal, and that tends to support a more grounded investment case. When you can buy a reasonably modern house on a decent block without stretching into a speculative price point, that usually deserves attention.

From our side, this was about buying something with enough scale to stay relevant, but enough simplicity to remain easy to own. That is often a very good combination. You do not need every investment to be clever. Sometimes you just need it to be solid, functional and bought at the right level.

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