Suburb Profile Report for Salisbury QLD (4107)

Salisbury House: Median price $549,500, Annual capital growth 5.23%, Number of sales 112, Weekly median advertised rent $400

Salisbury Unit: Median price $392,500, Annual capital growth 0.76%, Number of sales 10, Weekly median advertised rent $488

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

QLD has seen average median house prices change by 2.51% which means that Salisbury, 4107 has done well for property investors by showing a capital gain of 2.00% over the last year

Over the longer term, Salisbury has seen property prices show investors a 18.94% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Salisbury is offering property investors an average of -7.21. This rate of discount on properties puts Suburb at number 801th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Salisbury the average time real estate has been on the market is 50.18 days.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.79%, without taking into account capital value appreciation, which has been averaging out at 5.23%.

Salisbury has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -5.99% to date .

Across a shorter period, Salisbury, 4107 has seen a median price increase of -1.13% over the last quarter.

The most recent median price for Salisbury is $392500, with sellers offering an average of -1.33% off the asking price.

Situated 9.87km from the CBD, Salisbury is one of Brisbane localities in the postcode 4107.

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Salisbury is located less than 9km south of Brisbane’s CBD, and is situated adjacent to Beaudesert Road. Salisbury hosts a large number of commercial and industrial businesses, and lies in close proximity to Griffith University, major arterial roads and public transport. Full summary

Salisbury is located less than 9km south of Brisbane’s CBD, and is situated adjacent to Beaudesert Road. Salisbury hosts a large number of commercial and industrial businesses, and lies in close proximity to Griffith University, major arterial roads and public transport.

Salisbury hosts a number of convenience retailers, and the suburb has its own Aldi Supermarket. A wide range of retail offerings are also found in neighbouring suburbs such as the Woolworths Supermarket in Moorooka and the Westfield Garden City in Upper Mount Gravatt. Salisbury also has excellent public transport options with its own train station, as well as a number of buses servicing the suburb.

Salisbury offers investor the opportunity to make quick equity gains through renovations, subdivision and development, thanks to its larger than average block sizes.

“Many of these dwellings are likely to have renovation potential, whether it be externally, internally or both," says Tim Lawless, research director with RP Data. “Land sizes tend to be quite large, with the average land size in Salisbury being between 700 and 750 square metres, suggesting there may be room for densification.”

Locals fondly refer to Salisbury as “undiscovered pocket of green within 10k of the CBD”. The overall sentiment among residents confirms that Salisbury is a desirable, family-friendly suburb, with ample amenities to cater for its residents.

Close
Metrics i HOUSE UNIT
$549,500 $392,500
0.46% -1.13%
2.00% -5.99%
5.23% 0.76%
$400 $488
112 10
3.79% 6.46%
50.18 94.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6096
Median household income ($/weekly) 1344
Median age of persons 34
Median housing loan repayment ($/monthly) 1900
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 649 10.6
    20-24 years 548 9.0
    25-34 years 1066 17.5
    35-44 years 911 14.9
    45-54 years 752 12.3
    Others 2169 35.6
    Age Group
    Census Count Percent(%)
    Not Married 2086 47.7
    Registered Married 1872 42.8
    Defacto Relationship 417 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4166 73.4
    Indonesia 167 2.9
    Papua New Guinea 199 3.5
    United Kingdom 195 3.4
    Other 381 6.7
    Others 567 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 113 2.1
    Christianity 3553 65.2
    Hinduism 111 2.0
    Islam 142 2.6
    No Religion 1442 26.5
    Others 85 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 169 8.9
    $600-$799 183 9.6
    $1,000-$1,249 186 9.8
    $1,500-$1,999 275 14.5
    $2,000-$2,499 222 11.7
    Others 866 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1830 39.2
    Not in the labour force 1585 33.9
    Employed, worked part-time 891 19.1
    Employed, away from work 184 3.9
    Unemployed, looking for work 179 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 278 9.6
    Professionals 721 24.8
    Technicians & trades workers 414 14.3
    Clerical & administrative workers 456 15.7
    Labourers 283 9.8
    Others 750 25.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 444 30.8
    Secondary 263 18.3
    Technical or Further Educational Institution 142 9.9
    University or other Tertiary Institutions 454 31.5
    Other type of educational institution 72 5.0
    Others 65 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5150 93.5
    Semi-detached, row or terrace house, townhouse 303 5.5
    Flat, unit or apartment 54 1.0
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 787 38.7
    Fully owned 627 30.8
    Rented 615 30.2
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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