SA has seen average median house prices change by 3.24% which means that Salisbury North, 5108 has done well for property investors by showing a capital gain of 4.15% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Salisbury North comes in at number 217th in SA.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.50% offered to property buyers. Sellers in Salisbury North itself are offering an average vendor discount of -7.39% to real estate investors.
Often selling an investment property can take time, and in Salisbury North the average time real estate has been on the market is 75.15 days.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 4.15%, investors should hope to achieve an overall return of 5.92%
Over the last year, property investments in Salisbury North, 5108 have given investors a capital gain of 2.78%. This compares averagely with the 4.05% for SA as a whole.
Taking the average capital gain, or increase in median house value, Salisbury North,5108 has racked up an average of 2.78% over the period. This ranks it number 1318th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Salisbury North is offering property investors an average of -6.42. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in SA
Advertised rents are around the $255 mark per week – giving a return of 7.17% based on the median price in Suburb