missys
Reviews
"Investing in the Dav"
Ive read all your reviews and appreciate everyones honesty and viewpoint. Ive invested in the area over the year and bought multiple properties. All of the tenants are good people. Mostly mums & dads and a couple of single lads. The Dav is gentrifying and will continue to do so in the next 20 years. This place reminds me of Redfern in Sydney 25 years ago. Some of your comments could have been describing Redfern too back then. Its a metropolis now, but back then you couldnt give the houses away. Now they are $1mill plus. The difference between the old housing commission areas in Sydney and South Australia is that SA has land - and if you were as old as me you would know how valuable thats going to be in 20 years time. Just ask any Sydneysider whos never seen dirt / grass. Wait and see..
Who lives here?
- Families with kids
Thanks for sharing your opinion. I am also looking at Dav to buy an investment property. I just want to get in the property market and thought this would be a step. I wonder how are you going? Has your opinion changed since you posted this. Thank you.
Hi, my opinion hasn't changed as Daveron Park reputation has not changed. Its commonly known as the one of the worst suburbs in adelaide, if a Victorian was to ask a SA person what suburb to avoid in Adelaide , Davoren Park would be one of the top 3 responses. With that reputation comes low house prices, however try rent that house out to trustworthy regular payers who will treat your property with respect. If your looking to invest in the Northern suburbs why not look at Ingle Farm, Salisbury East,
Valley View, Para Hills even Paralowie. These suburbs aren't your top shelf areas but are miles ahead of "Davvo" and you'll have less issues with tenants, you could also move further out to the new developing areas like Andrews farm and Craigmore. Much safer and better reputation on the market. Daveron Park has a horribly tarnished name for which people won't even consider come resale or searching renters. Each to there own , but that's my honest opinion hope I've helped in any small way.
Thanks julianp5 for taking the time to answer and giving me advice. I am at the very beginning of this journey so your input was very much appreciated.
Depending of course, on your budget, perhaps you should look elsewhere. The more you pay, the better your investment. Look more at the growth areas like Mt Barker. But if you really want to invest in the cheap suburbs in the north, look at the best locations and close to the valued facilities. Julian has some great ideas.
Davoren Park, irrespecive if how some blindly defend it as a gentrified haven, is well-known as the worst suburb in Adelaide and probably worse than most in Australia. It is where most violent crimes originate and for crimes commited elsewhere, the perpetrator is often from Davoren Park area.
Its investment value is very limited.
Well done for investing . Although Im not exactly against investing into davoren Park. The big difference you have ignored in your comparison to Redfern NSW , is that Redfern is 3km from Sydney CBD. Whereas davoren Park is 40km from adelaide CBD. That is a astronomical difference. Thats like saying Unley / Mile End / Kensington 20 years ago . Like I said , well done for investing, you should make some decent money in the long term future , but I wouldnt be expecting red fern type of money, proximity to the city is enormous in real estate. Location location location .