Investment property in Salisbury has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.46%
Salisbury,4107 has offered an average of 3.46% return per annum in house price rises to property investors over the last three years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.16% offered to property buyers. Sellers in Salisbury itself are offering an average vendor discount of -4.94% to real estate investors.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.
Over the last year, property investments in Salisbury, 4107 have given investors a capital gain of -4.82%. This compares badly with the 0.48% for QLD as a whole.
Across a shorter period, Salisbury, 4107 has seen a median price increase of -3.07% over the last quarter.
At number 317th of QLD’s most discounted properties, Salisbury is in the TOP 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
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
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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.
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.