Property investors who have had real estate in Salisbury, 4107 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.70%
While Salisbury,4107 ranked number 229th in QLD for increase in median house value (annualised) increase, it is ranked 167th over the last 5 years.
Property buyers and investors in Salisbury 4107 should be seeing an average reduction in asking price of around -4.35% . This means that Salisbury is holding prices well when compared to other suburbs in QLD.
Residents and property investors in Salisbury have been waiting around 47.78 days to sell a property.
The QLD suburb of Salisbury, 4107 is in the Brisbane local government area.
Investment property in Salisbury has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.05%
The five-year average increase in median property values for Salisbury,4107 has given property investors a potential capital gain of 23.39% across each of those five years.
Property investors looking for a bargain in Salisbury should be aiming for at least -1.56% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $485 mark per week – giving a return of 5.25% based on the median price in Suburb
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.