We have just sold this 1982 townhome in North Adelaide. We had lots of interest from younger buyers eligible for the first home owner's grant, but as with many of our sales lately it was secured by a "Baby Boomer on the move". These are pre-retirement boomers, who are still working, fit and healthy, but are also planning the next phase of their lives.
Often they live in a large house worth $1 million plus in an inner suburb, but their family is growing up and moving out. They are empty nesters and the nest will soon be way too big. The plan now is a city pad and a beach house or country cottage so that when they finish working they have "a best of both worlds" lifestyle.
Our buyer has just bought a country cottage as well as this North Adelaide townhome - both will be great investments as they are rented out negatively geared over the next few years. Then when it is time to sell the Unley Park family home he can freehold the investment properties with plenty of moolah left over!
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