Salisbury has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.26% to date .
Taking the average capital gain, or increase in median house value, Salisbury,4107 has racked up an average of 4.26% over the period. This ranks it number 1557th in the whole country for real estate investors looking at median house price increases.
Salisbury4107 is located in QLD which offers an average discount of -7.31% to property investors. Salisbury itself is showing figures that indicate -3.83% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.
With a capital gain of -4.33% for the last 12 months, Salisbury, 4107 has performed for property investments than its average annual 2.44% property growth over the last 5 years.
Over the longer term, Salisbury has seen property prices show investors a 13.30% return over the last 3 years. This is worse than over the last 12 months
With the median price for a house in Salisbury being $409000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 6.10%
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.