An Adelaide man has made a staggering $190,000 profit by selling his newly-acquired property before even getting hold of the keys to the house Land Services SA records show the savvy investor bought the three-bedroom Munno Para West in July last year for $910,000 The 1970sqm property was put back on the market immediately after settlement setting a new price benchmark for the increasingly popular northern suburb is more than double what the average South Australian could expect to earn in a year and represents a 20 per cent return on investment said it had always been the vendor’s intention to resell quickly recognising the property’s development potential added significant value “He (the vendor) didn’t even take the (house) keys (after settlement),’’ Mr Mishra said I sent a staff member to get the keys and organised the cleaning (fresh) painting (of the home’s interior) and everything.’’ ‘Never thought I’d see the day we’d eclipse $2m’ Crazy cheap CBD unit hits market with the works Win the latest St John lottery house … at auction Munno Para West has sold for $1.1m - setting a new suburb record The property turned its owner a 20 per cent profit in just four short months Mr Mishra said focusing on the possibilities for subdivision was a key factor in the marketing campaign compared to the previous sales listing which highlighted the family-friendly aspects of the home “Not every person understands the potential of the property “We did some concept plans showing … if you keep the existing home you’ve got a hammerhead (allotment) where you can (subdivide and) build up to four (new dwellings at the rear) puts the average weekly earnings of South Australians at almost $1780 a week the equivalent of $92,560 a year – less than half the gross profit achieved by the vendor in just 18 weeks Concept plans for the property set the vendor back only “a couple of thousand dollars’’ The rear yard is large and offers room for a pool Up to an additional $15,000 had been spent on mainly cosmetic improvements to the property Having received up to 12 offers for the property Mr Mishra said it was sold to a professional developer who intended to subdivide the rear of the block and retain the existing home While the vendor – who has previously bought and resold similar homes for profit – was “absolutely stoked’’ with the result the venture was not something Mr Mishra recommended everyone should attempt But I would not recommend it unless you are a professional (developer).’’ The previous price record for Munno Para West was $1.01m following the sale of a traditional four-bedroom home third parties have written and supplied the content and we are not responsible for it completeness or reliability of the information nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders We strongly recommend that you obtain independent advice before you act on the content realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd. By accessing or using our platform, you agree to our Terms of Use. A suburb north of Adelaide has been named one of the top 10 family-friendly suburbs nationwide When it comes to finding the perfect place to raise a family South Australia is proving to be a strong contender A recent study has revealed that Munno Para West-Angle Vale is one of the top 10 most family-friendly suburbs in Australia which aimed to bring some objectivity to the often subjective concept of a “family-friendly” suburb looked at two key factors: the proportion of the population under 14 years old and house price growth over the past year Munno Para West-Angle Vale stood out with a whopping 25.7 per cent of its population under 14 and an impressive 27 per cent price growth in the last year It also holds the title of the most affordable suburb on the list making it an attractive option for families looking for value The study also highlighted other family-friendly suburbs in Adelaide with the threshold for inclusion set at a minimum of 21.5 per cent of residents under 14 The study also revealed interesting trends across Australia Regional Northern Territory boasts the highest proportion of young people To encompass a wide array of factors that impact families suitable housing options and household budgets They focused on two key metrics: the proportion of the population under 14 years old using data from the Australian Bureau of Statistics they have discovered suburbs that are not only attracting families but also experiencing growth in demand – which indicates future development of parks playgrounds and other family-oriented amenities Despite having the smallest overall population among Australia’s regions regional Northern Territory boasts the highest proportion of young people with 22.3 per cent of its population under the age of 14 Following closely behind is regional Western Australia where 19.5 per cent of the population falls into the under-14 category mirrors its surrounding region by claiming the highest proportion of young people among Australian capitals follows with 19.2 per cent of its population under 14 years old and its regional areas show the lowest proportions of young people in their respective categories Hobart’s under-14 population stands at 16.9 per cent while regional Tasmania’s is even lower at 16.5 per cent Over 100 South Australian wine producers are showcasing their best to international importers this.. 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Glam Adelaide is a news website dedicated to bringing you the best of South Australia we pride ourselves in supporting local business We would like to acknowledge the Kaurna people as the custodians of the lands and waters of the Adelaide region Get the latest SA news for free via our iPhone app here: https://apps.apple.com/au/app/glam-adelaide/id1626204930 Get the latest SA news for free via our new Android app here: https://play.google.com/store/search?q=glam+adelaide&c=apps&hl=en&pli=1 Glam Adelaide has today launched an app for readers all over SA Following a viral video showing tensions in the community Adelaide has become home to many a High Tea spots that are perfect for.. Stephen Noonan is bringing his much loved show The Boy and the Ball to.. Wrong Turn At Lungfish is of exceptional quality and an unmitigated stand out South Australia will see mixed weather conditions SA’s Nappy Valleys and Tombstone Towns have been revealed with ABS data painting an insightful picture of our booming family-friendly regions and retiree hotspots Analysis firm KPMG’s investigation of Australian Bureau of Statistics data of 2023 births and deaths by area show if you’re looking to put down roots surrounded by other young Adelaide’s northern suburbs is the place to do it SIGN UP NOW FOR OUR FREE REAL ESTATE NEWSLETTER Munno Para West – Angle Vale was identified as the state’s Nappy Valley where the number of births in 2023 radically outpaced the number of deaths recorded with 199 more people being born into the suburb than dying in it The data simply compares birth and death rates and does not factor in population growth through movement in and out of a suburb While the third place Enfield – Blair Athol recorded more births than Davoren Park at 368 it also recorded significantly more deaths – 182 – bringing the difference to 186 KPMG’s urban economist Terry Rawnsley said areas which had seen significant development were magnets for young families hence the inclusion of many northern suburbs locales and said Mount Barker also recorded strong numbers of births “Established middle-ring locations like Windsor Gardens and Blair Athol also saw high numbers of births as new families have moved into these areas over recent years,” he said “These types of locations have suitable housing for families as well as good local amenities and access to jobs and services.” who sells in the northern suburbs which dominate the list said he wasn’t surprised to hear the region was responsible for producing Adelaide’s most births “There are a lot of young families buying into the area looking to put roots down and they’re attracted to it primarily because of price but also the fantastic amenities in the area,” he said childcare centres and schools and these are very attractive to young families Imogen Jiggins and partner Wade Matthews moved into the Munno Para home they built last year and have since welcomed their son Dakota Imogen Jiggins and her baby Dakota at their Munno Para West home Ms Jiggins said while they were initially attracted by the suburb’s affordability they have since fallen in love with what their suburb has to offer “The amenities are great – everything’s new so it’s nice and the schools are great as well,” she said “It’ll be a great place for Dakota to grow up in and there are heaps of other young families around.” Known colloquially as “God’s waiting room” for decades Victor Harbor had the greatest discrepancy between births and deaths with 152 more deaths than births last year Unley – Parkside had the second highest difference between deaths and births with 149 more residents dying in the suburb than being born there in 2023 but recorded the highest number of overall deaths of any area in the state and nearby Goolwa – Port Elliot’s fourth place ranking were no surprise because of the age of its residents and said the inner suburban suburbs’ inclusion could also be easily explained Adelaide’s inner suburbs – those within 5 km of the CBD – have more deaths than births,” he said and Toorak Gardens have seen little new housing development which has prevented younger people from entering the housing market resulting in fewer babies being born to offset the number of deaths.” there were 95 more deaths than births in Morphettville 80 more in Brighton and 70 more in Glenelg The northern Yorke Peninsula recorded almost double the number of deaths as births for the year while the coastal town of Moonta and the Barossa Valley town of Nuriootpa were also identified as retiree havens with 258 deaths in 2023 and 207 births; as did nearby St Agnes – Ridgehaven with 160 deaths and 123 births particularly the more minor difference between births and deaths “There are a lot of huge aged care facilities through this area,” he said “What you see is these older residents moving out of their homes into these facilities and young families move into their homes and having one or two children “A lot of these residents that bought soon after the suburbs were created are now in their 70s and at that age where they move into retirement living or aged care.” An Adelaide Bunnings has sold for $48.8 million amid pent-up demand from private and institutional investors chasing the highly sought-after hardware investments and ‘pandemic-proof’ assets Property investment group Charter Hall snapped up Bunnings Munno Para West adding to its large portfolio of warehouses leased to the hardware retailer The Colliers team behind the sale said the first metropolitan Bunnings Warehouse to be publicly marketed since 2019 generated competitive bidding, driven by pent-up demand from private and institutional capital The agents had expected interest in the Munno Para West site in the vicinity of $45 million and it sold for $48.8 million on a yield of 4.25% setting a new benchmark for South Australian Bunnings Warehouse investments Colliers said the strong result was achieved despite the public expressions of interest campaign being conducted during lockdown conditions in a number of states Private investors and funds continue to focus on hardware investments with a strong covenant given their defensive and ‘essential services’ nature director (Queensland) of retail investment services at Colliers “We are experiencing unprecedented demand from investors seeking to deploy capital into ‘pandemic-proof’ assets with strong underlying land value long-term income growth and covenant security,” Mr Maher said “The growing demand of institutional and private capital targeting this asset class resulted in competitive bidding and ultimately an offer secured ‘on contract’ having due diligence completed prior to the close of the EOI Bunnings continues to be one of the most hotly-contested retail investments national director (NSW) of Colliers retail investment services said Bunnings continued to be one of the most hotly-contested retail investments in the current market conditions “Established funds and private investors are facing growing competition from emerging groups targeting the attractive Bunnings Warehouse net lease covenant as highlighted by the competitive bidding received for the Bunnings Warehouse Munno Para West campaign,” Mr Wilson said “Colliers have announced over $230 million in value of Bunnings Warehouse transactions nationally already in 2021 with all metropolitan and non-metropolitan transactions reporting core cap rates below 5%.” The Colliers agents said single-tenanted large format retail assets Eleven Bunnings Warehouses have changed hands so far in 2021 which is already as much as the entire 2020 period Bunnings Munno Para West is only the third Bunnings investment to be sold publicly this year A new Bunnings investment – located in Kempsey, on the NSW mid-north coast – just hit the public market, also through Colliers. On completion, the warehouse will feature a total lettable area of about 11,000sqm with the investment secured by a new 10-year lease with annual rent reviews. The Kempsey property is being sold via a ‘fund-through’ structure, where a developer sells the development before completion. Charter Hall, which started buying Bunnings stores in 2006, has secured a number of the warehouses recently with the biggest deal being its November acquisition of a $353 million portfolio of six Bunnings assets. It now owns more than 60 Bunnings sites after the Munno Para West deal and its $49 million acquisition of another property in Baldivis, 45km south of Perth, in July. One of Charter Hall’s unlisted property funds, its Direct Industrial Fund No.4, bought the Adelaide property from the Cromwell Direct Property Fund, which is managed by real estate fund manager Cromwell Funds Management. Charter Hall said the acquisition was in line with the fund’s strategy of securing high-quality industrial properties positioned near major transport infrastructure, and provided a long-weighted average lease expiry investment with a strong tenant covenant while deepening the group’s existing relationship with Bunnings.  Charter Hall Direct CEO Steven Bennett said the deal followed a year of significant growth for the fund, which had doubled in size since July 2020, and built on its momentum in the industrial and logistics sector. “DIF4 has completed $230 million in acquisitions over the past three months and $1 billion over the past 12 months, demonstrating the ability for the fund to deploy capital in a highly sought-after asset class that provides accretive returns,” Mr Bennett said. Charter Hall head of industrial transactions Jack Walters said industrial and logistics continued to be a highly attractive sector for the group. “In particular, we have been active in acquiring properties leased to tenant customers in the essential services and non-discretionary asset classes, which have continually demonstrated to be a resilient and defensive investment and served all of our funds very well,” Mr Walters said. The 16,936sqm warehouse is on a prominent 41,060sqm corner site in a booming urban growth corridor of Adelaide, 38km north of the CBD. Colliers’ national director of South Australian investment services Alistair Mackie said Bunnings Munno Para West is the largest freestanding retail investment to be publicly marketed in the state for some time. “The campaign highlighted the significant amount of unsatisfied local high-net-worth investor and fund capital looking to be placed into the local South Australian market,” Mr Mackie said. realcommercial.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd By accessing or using our platform, you agree to our Terms of Use. An Adelaide Bunnings has sold for $48.8 million amid pent-up demand from private and institutional investors chasing the highly sought-after hardware investments and ‘pandemic-proof’ assets Property investment group Charter Hall snapped up Bunnings Munno Para West The Colliers team behind the sale said the first metropolitan Bunnings Warehouse to be publicly marketed since 2019 generated competitive bidding, driven by pent-up demand from private and institutional capital The agents had expected interest in the Munno Para West site in the vicinity of $45 million and it sold for $48.8 million on a yield of 4.25% given their defensive and ‘essential services’ nature “We are experiencing unprecedented demand from investors seeking to deploy capital into ‘pandemic-proof’ assets with strong underlying land value long-term income growth and covenant security,” Mr Maher said “The growing demand of institutional and private capital targeting this asset class resulted in competitive bidding and ultimately an offer secured ‘on contract’ having due diligence completed prior to the close of the EOI and all during lockdown conditions.” “Established funds and private investors are facing growing competition from emerging groups targeting the attractive Bunnings Warehouse net lease covenant as highlighted by the competitive bidding received for the Bunnings Warehouse Munno Para West campaign,” Mr Wilson said “Colliers have announced over $230 million in value of Bunnings Warehouse transactions nationally already in 2021 with all metropolitan and non-metropolitan transactions reporting core cap rates below 5%.” The Colliers agents said single-tenanted large format retail assets A new Bunnings investment – located in Kempsey on the NSW mid-north coast – just hit the public market the warehouse will feature a total lettable area of about 11,000sqm with the investment secured by a new 10-year lease with annual rent reviews The Kempsey property is being sold via a ‘fund-through’ structure where a developer sells the development before completion which started buying Bunnings stores in 2006 has secured a number of the warehouses recently with the biggest deal being its November acquisition of a $353 million portfolio of six Bunnings assets It now owns more than 60 Bunnings sites after the Munno Para West deal and its $49 million acquisition of another property in Baldivis One of Charter Hall’s unlisted property funds bought the Adelaide property from the Cromwell Direct Property Fund which is managed by real estate fund manager Cromwell Funds Management Charter Hall said the acquisition was in line with the fund’s strategy of securing high-quality industrial properties positioned near major transport infrastructure and provided a long-weighted average lease expiry investment with a strong tenant covenant while deepening the group’s existing relationship with Bunnings Charter Hall Direct CEO Steven Bennett said the deal followed a year of significant growth for the fund and built on its momentum in the industrial and logistics sector “DIF4 has completed $230 million in acquisitions over the past three months and $1 billion over the past 12 months demonstrating the ability for the fund to deploy capital in a highly sought-after asset class that provides accretive returns,” Mr Bennett said Charter Hall head of industrial transactions Jack Walters said industrial and logistics continued to be a highly attractive sector for the group we have been active in acquiring properties leased to tenant customers in the essential services and non-discretionary asset classes which have continually demonstrated to be a resilient and defensive investment and served all of our funds very well,” Mr Walters said The 16,936sqm warehouse is on a prominent 41,060sqm corner site in a booming urban growth corridor of Adelaide Colliers’ national director of South Australian investment services Alistair Mackie said Bunnings Munno Para West is the largest freestanding retail investment to be publicly marketed in the state for some time “The campaign highlighted the significant amount of unsatisfied local high-net-worth investor and fund capital looking to be placed into the local South Australian market,” Mr Mackie said The Adelaide housing market has outperformed almost all other locations across the country since the start of 2022 for a range of reasons But with interest rates rising and some steam coming out of the market more recently investors will have to tread carefully to enjoy similar gains in 2023 and beyond this has been done to address skills shortages that have impacted almost every industry in the Australian economy over the past 2 years The latest data shows population growth surging with record levels of net overseas migration in the March quarter of this year (the most recent quarter that data is available) The key question for 2023 is whether housing supply will be able to keep up with this post-COVID surge in immigration housing supply has struggled to keep up with demand The housing supply shortage has been exacerbated by the impact of the pandemic which saw remote working become widespread and a surge in demand for larger homes with a study or home office The demand for larger houses had the effect of reducing the available housing stock because most buyers now want an additional room in each home in the absence of significant changes in the short term to make it easier for construction population growth will place significant upward pressure on house prices growing demand might begin to offset the impact that recent interest rate hikes have had on purchasers’ borrowing capacity Where can investors look in Adelaide for opportunities By looking at historic population trends and land supply constraints Property Investment Coaching’s research suggests Adelaide’s northern suburbs are where most population growth will be concentrated we’ve found that since 2001 population growth has been greatest in the northern suburbs of Adelaide This trend can be explained by the natural barriers that define Adelaide and prevent large-scale development in certain areas - the Adelaide Hills in the east all limiting large-scale development in areas other than the northern suburbs Property Investment Coaching internal modeling predicts that the latest surge of immigration will be strongest in the suburbs of Munno Parra and Angle Vale, where investors could see the greatest total return. Our research aligns with the official population projections by the South Australian state government which predict a 142% rise in the combined population of the Munno Para West and Angle Vale suburbs by 2036 This is the largest rise predicted for any area in metropolitan Adelaide These suburbs have the infrastructure to service future population growth Government investment has improved most of these services and the Northern Connector project has reduced travel times to Adelaide’s CBD But land availability is becoming a problem in the northern suburbs as large housing estates have been established in the area recently and sold to first home buyers and investors As demand rises and supply remains constrained land prices are expected to rise further and with them A population is a group of individuals who are inhabitants of a particular location Copyright © 2007-2025 Smart Property Investment Adelaide’s northern suburbs are set to welcome new additions to the $25 million Munno Para Retail Hub The next three stages of the Munno Para Retail Hub development will introduce a range of diverse offerings catering to the varied needs and preferences of the local community Lone Star Rib House & Burgertec and there’s a A gym The new additions to come include RSEA Safety, a workwear, and safety equipment outlet, a state-of-the-art Ryderwear gym “Following the acquisition of the 2.74-hectare site from the City of Playford the development has been advancing smoothly Stage 1 was successfully delivered in 2023 and Stage 2 is presently under construction with RSEA slated to open in February 2024,” a spokesperson from Layton Property the developer behind Munno Para Retail Hub Stage 3 is in the construction phase (being developed by Bella Build & Design) with the opening of a Ryderwear gym in mid-2024 set to include a JAX Tyres & Auto mechanic workshop Anticipated planning approval is expected in early 2024 followed by construction commencement soon after with a projected completion date prior to the end of 2024 Highlighting the importance of this development for the northern region of Adelaide Leyton Property said that it’s an important development for the area as the site remained vacant for en extended period “The development has addressed the existing gaps in retail and services to meet the diverse needs of the local community [as well] the project’s substantial capital investment and the creation of numerous jobs during construction and retail phases significantly contribute to the local economy,” they said With a projected capital investment exceeding $30 million over its entire duration the stage one of the project has already has generated over 300 direct construction jobs and more than 150 retail jobs “The incorporation of a safety store and a tyre service into this development/site is strategically designed to enhance its overall appeal and community impact,” the spokesperson said For more information about Leyton Property, head here Even with South Australia’s median house price hitting a record $600,000 there’s still plenty of upside to be found across the capital city of Adelaide Smart Property Investment recently reported on the nearly 10 per cent lift in property prices seen across South Australia over the past 12 months with the Real Estate Institute of South Australia having noted that the state’s market “has continued to show its resilience and strength” Hotspotting director Terry Ryder acknowledged that Adelaide is “now classified as the nation’s second strongest economy” — spelling good news for property across the city If you check the box above before you log in you won’t have to log back into the website next time you return even if you close your browser and come back later He said Adelaide is now renowned for its consistently solid market performance with the city maintaining a steady pace while other markets have faltered “There has been only a marginal deterioration in the overall position of the Adelaide market,” he outlined with the number of suburbs classified as rising markets having decreased from the previous survey done in autumn but the number of consistency markets has risen It’s a sentiment shared by Hotspotting general manager Tim Graham who also noted that South Australia’s steadiness of performance “has become its trademark” after two years — from mid-2020 to mid-2022 — in which sales activity kept rising and rising is now dominated by locations where sales volumes are no longer increasing but have remained consistent at high levels,” he said What that means is that the city has “continued to deliver price growth at a time when larger cities have had falling prices” which Adelaide areas are being deemed as “hotspots” in June 2023 Some of the highlights for the northern suburbs area of Adelaide include $4 billion-plus worth of Defence projects the electrification of the Gawler train line and a master-planned community at Blakes Crossing the City of Salisbury has “defied the negative impacts of the pandemic through a construction boom made up of medium-scale projects Add to that the development pipeline and the attraction of major companies to the area and “all of this activity has buoyed the property market He also explained that “high demand is causing extremely low vacancy rates — the highest vacancy rate among the 10 local postcodes is currently at or below 0.5 per cent” this attractive combination is providing opportunities for entry-level investors,” he said Suburbs in the City of Salisbury include Bolivar A number of City of Salisbury suburbs were recently named in Smart Property Investment’s Fast 50 2024 — including Salisbury, Paralowie and Para Hills. You can download the report here With $1.6 billion worth of urban renewal projects in the works and proximity to Adelaide CBD and universities as selling points Mr Graham said the suburbs within the City of Charles Sturt “are ideally positioned for further growth” That’s especially thanks to the recent launch of Adelaide BioMed City a $3.8 billion project recognised as “one of the largest health and life sciences precincts in the southern hemisphere” “That reputation will impact real estate in the western Adelaide suburbs,” Mr Graham said with large-scale urban renewal in the pipeline across the council area the suburbs “are well positioned to benefit from this” “While some of the LGA’s suburbs towards the coast have topped the $1 million median house price mark there remains plenty of investment opportunity in less expensive houses and also units below $500,000,” he shared Suburbs within the City of Charles Sturt include Albert Park Mt Barker’s $2.8 billion worth of new facilities make this historic town an ideal area that’s still close to the heart of the Adelaide CBD Its location in the heart of the Adelaide Hills — and its ties to tourism short stays and wineries — also make it an ideal spot for buyers seeking out both affordability and a good lifestyle “With the median house price still below $600,000 many Adelaide home owners are making the tree change as they are able to buy new homes and come out ahead in the transition process,” Mr Ryder said He also noted that “investors are also seizing the opportunity to achieve not just capital growth but strong yields — the median is 4.6 per cent — while vacancy rates remain very low at 0.5 per cent” The district comprises a number of localities and suburbs Mt Barker district also includes parts of Bradbury The City of Playford is one of South Australia’s fastest-growing local government areas (LGAs) — and with proximity to the City of Salisbury the area’s revitalised economy and its affordability are appealing to both first home buyers and investors alike With a $3 billion retail and lifestyle hub in the works in the master-planned community of Riverlea it’s projects like these that “have added considerable impetus to the area” He also noted that the market is underpinned by a strong industrial sector and holds status as Adelaide’s transport and logistics leading sector The area also boasts “significant” job nodes The City of Playford includes the suburbs and localities of Andrews Farm The City of Playford also includes parts of Evanston Park and high rates of tertiary qualification form the backbone of the City of Mitcham which is reaping the rewards of investment into the Tonsley Innovation Hub ($1 billion) Flinders Village ($1.5 billion) and the Flinders Link ($140 million) “The City of Mitcham is quintessential middle-market Adelaide,” according to Mr Ryder “Located within 15 kilometres of the Adelaide CBD this LGA is an affluent area built around the health and education sectors Median house prices are typically in the $700,000 to $900,000 range although some suburbs are a little above $1 million,” he stated With Adelaide vacancies still extremely low Mr Ryder also acknowledged that most Mitcham postcodes “have vacancy rates between 0.4 per cent and 1 per cent” The City of Mitcham includes the suburbs and localities of Bellevue Heights Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of Last month, Charter Hall – which holds more than 60 Bunnings outlets – paid $49m for the Baldivis store Last November the manager outlaid $353m on six more investments leased to the hardware chain Queensland and in South Australia at Windsor Gardens – also north of Adelaide but much closer to the CBD On Monday we reported Cromwell was paying Molonglo close to $80m for an eight-storey Canberra office Bunnings has seven years left on its lease but with six options can stay until 2064 (story continues below) Its rent will rise three per cent a year for the balance of the initial term Munno Para West – about 40km north of Adelaide – falls within the Playford council area – considered South Australia’s fastest growing in regard to population The property is also about 13km south of Gawler – a gateway to the Barossa region added the group has been acquiring investments leased to tenant customers in the essential services and non-discretionary asset classes “which have continually demonstrated to be a resilient and defensive investment and served all of our funds very well” In June, DeLuca Corporation banked $22.2m from a newly completed Bunnings in Plainland A former property analyst and print journalist Marc is the publisher of realestatesource.com.au Forgot your password? You will receive mail with link to set new password Back to login AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time) Locals say corellas have returned to the area over recent weeks, damaging street lights, signs and trees. (ABC Open: Gemma Deavin) Link copiedShareShare articleThousands of noisy corellas in search of food are terrorising residents in the northern suburbs of Adelaide, wreaking havoc to street lights, signs and trees. The local council has tried using everything from drones to pyrotechnics to disperse the birds, but now they are calling on the Environment Department to take charge. A flock of corellas captured on a mobile phone flying over a house at Andrews Farm shows the level of noise the birds make as they pass over homes. Sandy Bandtock said that scene and sound were all too familiar to her in nearby Munno Para West. "Five past six in the morning they come past and then they come past in the afternoon and then they do it again probably at 10 past six that night as well," she said. Ms Bandtock said the noise could be "quite frightening, until you know what it is". Glenn Docherty says the birds have caused massive amounts of destruction. (ABC Open contributor Greg Sylvia) In recent years, the corellas have been frequent visitors to the northern suburbs. But over the past few weeks they have returned with a vengeance, laying siege to Adelaide's northern suburbs. Playford mayor Glenn Docherty said the birds have caused massive amounts of destruction. "[We have] experienced a lot of bird business on the roofs, on the bitumen, all over our cars, damage to lights in the street because they like to get the insects," he said. "The trees have got no leaves on them from them eating it all. Ms Bandtock says the noise of the corellas can be "quite frightening." (Audience submitted: Rod Squire) Mr Docherty said good weather and ample food had brought the birds further south from their usual home. "There's a couple of distinct groupings of birds, they've sort of emigrated out of the RAAF Edinburgh air force base, and they can be in flocks of a couple of hundred or up to a couple of thousand at a time," he said. "It's not a problem just unique to Playford, but across the northern suburbs and even into the inner parts of Adelaide." The council have tried a range of ways to try to disperse the birds, which have caused thousands of dollars in damage across the area. So far Mr Docherty said they have tried using a falconer — falcons are a natural predator of the birds — to help disperse the flocks. Playford council have even tried using drones to scatter the birds. (ABC News) They have also used drones to scatter the birds away, as well as pyrotechnics and bird scaring devices. While those techniques move the birds elsewhere, Mr Docherty said ultimately the Environment Department needed to take charge. "We're very keen on the State Government to take some proactive action, because Council's trying to do its best but we don't have any legal power to manage or control them on a long term basis. "The flocks will continue to grow and they'll move closer to Adelaide and cause more issues for the community. "It's something only they have control of about how they disperse numbers and how they help to control numbers." In a statement, the state's Environment Department said it was "regularly reviewing approaches to mitigate impacts from corellas and is working closely with local councils and land managers to improve the outcomes for concerned residents." It also suggested residents use noise and lights to deter the birds, but admitted a variety of disturbance measures might be needed to move them on. Mr Docherty says ultimately the Environment Department need to take charge. (Supplied: Australian Drone Mania Photography) CNN and the BBC World Service which is copyright and cannot be reproduced A 25-year-old woman has become the 107th life lost on South Australian roads so far this year Please call us on 1800 070 535 and we’ll help resolve the issue or try again later Any Questions? Please call 1800 070 535 Saturday & Sunday 7:00am – 11:30am (AEST) Investors’ increased appetite for Bunnings investments during the coronavirus pandemic is expected to drive strong competition for an Adelaide warehouse that has hit the market for $45 million The Munno Para West site represents a rare opportunity to secure a Bunnings through a public sale as private investors and institutional players target the highly sought-after investments The Colliers team selling the property expect the increased demand for single-tenanted retail investments during COVID to drive strong investor interest in Bunnings Munno Para West The agents expect interest in the site will be in the vicinity of $45 million James Wilson said the 16,936sqm warehouse is fully leased to Bunnings on a 12-year lease with further options “This is a prime opportunity to acquire a dominant Bunnings Warehouse secured by a long-term and attractive net lease structure on a strategic and substantial landholding within Adelaide’s booming urban growth corridor,” Mr Wilson said Bunnings Munno Para West is situated in Adelaide’s booming northern growth corridor Mr Wilson said 17 freestanding Bunnings Warehouse assets have been sold across Australia in the past 18 months for more than $900 million in total representing an average price of $47.41 million per deal He said the Colliers-managed sale of Bunnings Eastgardens in Sydney, acquired by property investment manager Newmark Capital for $75 million set the benchmark investment yield nationally at 4.15% COVID-19 has increased the already-strong interest in Bunnings hardware investments Chris Maher said the strong results for Bunnings assets during the pandemic was underpinning investor demand “The strong transactions recorded for freestanding Bunnings Warehouse assets and proven resilience through COVID-19 is driving continued investor demand as buyers seek to deploy pent-up capital and take advantage of the low interest rate environment,” Mr Maher said Mr Maher said the pandemic had intensified the flight to quality retail assets such as single-tenanted investments with strong covenants with COVID-19 majorly impacting the retail markets “The main investment fundamentals of a single-tenanted investment have proven to be extremely resilient and attractive throughout the tough market conditions Established and emerging capital is targeting the security of non-discretionary income underlying land value and strong growth locations.” Bunnings Munno Para West is the third Bunnings to be publicly marketed in Australia this year The Adelaide warehouse is the third freestanding Bunnings to be publicly marketed in Australia this year A 5530sqm Bunnings in the NSW town of Young sold for $11 million in May, attracting strong interest from investors typically priced out of buying a new Bunnings hardware investment. The Young deal was also managed by Colliers, with the Munno Para West property being the fifth Bunnings that Colliers has been appointed to sell in 2021. Bunnings Munno Para West is situated on a 4.11ha site about 38km north of the Adelaide CBD and 13km south of Gawler, the gateway to the Barossa wine region. Colliers national director of investment services and capital markets, Alistair Mackie, said the site was strategically located within the booming northern growth corridor of Adelaide, which was forecast to benefit from significant population growth and infrastructure spending. “Bunnings Munno Para West is truly a future-proofed investment sitting within the heart of Playford, Adelaide’s fastest- and largest-growing local council area,” Mr Mackie said. The Munno Para West site is currently owned by the Cromwell Direct Property Fund, which is managed by real estate fund manager Cromwell Funds Management. The 12-year lease to Bunnings, which expires in 2028, has a seven-year weighted average lease expiry and further options extending to 2064. The Colliers team selling the property expect the increased demand for single-tenanted retail investments during COVID to drive strong investor interest in Bunnings Munno Para West Bunnings Munno Para West is situated in Adelaide’s booming northern growth corridor He said the Colliers-managed sale of Bunnings Eastgardens in Sydney, acquired by property investment manager Newmark Capital for $75 million in Burgess Rawson’s portfolio auction The Young deal was also managed by Colliers with the Munno Para West property being the fifth Bunnings that Colliers has been appointed to sell in 2021 Bunnings Munno Para West is situated on a 4.11ha site about 38km north of the Adelaide CBD and 13km south of Gawler Colliers national director of investment services and capital markets said the site was strategically located within the booming northern growth corridor of Adelaide which was forecast to benefit from significant population growth and infrastructure spending “Bunnings Munno Para West is truly a future-proofed investment sitting within the heart of Playford Adelaide’s fastest- and largest-growing local council area,” Mr Mackie said The Munno Para West site is currently owned by the Cromwell Direct Property Fund has a seven-year weighted average lease expiry and further options extending to 2064 Expressions of interest close on 12 August.\n which has bought $1 billion of property and doubled in size over the past 12 months The fund paid vendor Cromwell Direct Property Fund $48.8 million on a yield of 4.25 per cent for the Bunnings warehouse at Munno Para West a fast-growing commuter suburb 40 kilometres north of the Adelaide CBD That is almost 80 per cent more than the $27.5 million Cromwell bought the asset for in 2015 and well up on its September Cromwell’s head of retail funds management said the sale was a “great outcome” for unitholders and that capital will be redeployed into other assets The purpose-built property is fully leased to Bunnings with a seven-year weighted average lease expiry It sits on a 41,000 square metre site with net lettable area of 17,000 square metres said the acquisition fits comfortably within DIF4’s strategy of buying quality industrial property near transport infrastructure coupled with strong tenant covenants “This acquisition builds on our momentum in the industrial and logistics sector,” said Mr Bennett “DIF4 has completed $230 million in acquisitions over the past three months and $1 billion over the past twelve months demonstrating the ability for the Fund to deploy capital in a highly sought-after asset class that provides accretive returns.” Head of industrial transactions at Charter Hall said the sector remains attractive despite increasing prices “The growth of the DIF4 fund reflects our high conviction and investor demand for these assets,” Mr Walters said which have continually demonstrated to be a resilient and defensive investment.” These acquisitions include the $141 million purchase of two factories from Patties Foods on a 30-year sale and leaseback deal Sydney commercial real estate Melbourne commercial real estate Brisbane commercial real estate Adelaide commercial real estate Perth commercial real estate Canberra commercial real estate Darwin commercial real estate Hobart commercial real estate NSW properties for sale VIC properties for sale QLD properties for sale SA properties for sale WA properties for sale ACT properties for sale NT properties for sale TAS properties for sale NSW properties for lease VIC properties for lease QLD properties for lease SA properties for lease WA properties for lease ACT properties for lease NT properties for lease TAS properties for lease Rural & Farming for sale in NSW Rural & Farming for sale in VIC Rural & Farming for sale in QLD Rural & Farming for sale in SA Rural & Farming for sale in WA Rural & Farming for sale in NT Rural & Farming for sale in TAS Rural & Farming for sale in ACT Sydney Toowoomba City Surry Hills Melbourne Dandenong Brisbane Morton Vale Noosaville ABC News News HomeBoy set on fire in Adelaide's northShare Boy set on fire in Adelaide's northTopic:Crime Garage at Munno Para West where two males doused a boy with fuel and set him on fire. Link copiedShareShare articleA 17-year-old boy is being treated in hospital for burns after he was set alight in Adelaide's north last night. South Australian Police say the boy had flammable liquid thrown on him before being set alight in the garage of a house by two unknown males. Police say the boy was in the garage of the Chellaston Road property at Munno Para West with a friend when the pair walked up and set him on fire with a match before running off. Police were called to the scene about 11:30pm (ACDT). Several other of the boy friends had earlier left the home to walk to the shop. The boy was rushed to the Royal Adelaide Hospital in a critical condition with burns to his face, neck, hands and arms. Police say his condition is now serious but not life-threatening and have questioned his friends. Detective Chief Inspector Tony Crameri says they are yet to speak to the victim. "At this stage until we get to speak to him we're following up all lines of inquiry and we're open to all suggestions," he said. "However, we are keeping in mind we do not believe this to be a random attack because of targeting this type of youth at these home premises would indicate there was some knowledge about his presence being there. "We've spoken to the other young lad who was present. He doesn't know who they were. However, he was able to provide a description." Police say both suspects were wearing black pants. One was wearing a black long-sleeved top and the other a white short-sleeved shirt with blue, horizontal stripes. If you have Bluey obsessed kiddos you’re probably very familiar with the episode In this episode of Bluey the Heeler family head out on a classic weekend mission – a trip to their local hardware store since Bluey is teaming up with Bunnings to recreate the Hammerbarn experience taking over stores around Australia and New Zealand and bringing Hammerbarn to real life Seven Bunnings Warehouses across Australia and New Zealand have been transformed into real-life Hammerbarns With Bunnings Warehouse Munno Para West in Adelaide our lucky South Australian Bunnings store Before getting in the car and driving across town know that thankfully ALL Bunnings stores will be offering free Bluey-themed kids’ DIY workshops limited edition Hammerbarn-branded merchandise and so much more There are three exciting Bluey-themed kids’ DIY workshops remaining in Bunnings stores all over Australia & New Zealand Meet the Bluey and Bingo costume characters at bookable Meet and Greets on selected days visit the link below and select a store from the dropdown menu Places are limited and booking is essential A Bluey-themed scavenger hunt and colouring in stations will be in stores throughout the month Visit Hammerbarn Munno Para West this February; a must-do activity for every Bluey fan bluey.tv Babies & Children’s Expo (aka the PBC Baby Expo) is landing at the Adelaide Showground and it’s packed with everything you need from bump to bub and beyond It seems the dinosaurs at Victoria Park aren’t extinct after all… the Adelaide Symphony Orchestra is inviting you to something epic this August Press Play hits the Festival Theatre for two nights only celebrating the most iconic soundtracks in gaming history then get ready for something super tasty happening right in the heart of Adelaide — Urban Kitchen is back Copyright © 2022 Kiddo Mag, All Rights Reserved. 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