Baby Boomers on the move...

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!

Was this once Mel Gibson's pad?

We just sold this charming one bedroom apartment in Thornber Street Unley Park. It is situated upstairs in a heritage listed mansion, which was divided into flats to save it from the demolition guys.

Not only does it have a pool, outbuildings and a rambling 4000 square metre shared garden - there are chickens which provide a constant supply of fresh eggs. The apartment is held by way of a company title which differs from the more common strata and community titles. The owner doesn't have a title in any real estate, but instead has a right to occupy a defined area in the company owned building by virtue of owning shares in the company.

Another interesting piece of history is that this is the building where Mel Gibson and Robyn Moore lived as tenants in the late 1970's soon after filming the movie Mad Max. Robyn was a dental nurse and Mel was an unknown actor with the South Australian theatre company!