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.
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.