Giving property investors a an unimpressive capital gain of 1.40% for the last year, Salisbury, 5108 is the 2629th highest performer in Australia in this respect.
While Salisbury,5108 ranked number 154th in SA for increase in median house value (annualised) increase, it is ranked 262th over the last 5 years.
Our latest figures would indicate that property sellers in Salisbury are currently offering property investors an average price cut of -6.39% below the asking price at the moment.
At number 1357 in a list of fastest selling suburbs, Salisbury is in the TOP 40% of suburbs in Australia with an average of days on market 68.49 for properties listed there.
If you compare the increase in value of investment property in Salisbury, 5108 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -5.00%.
Comparing Salisbury,5108 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Salisbury, 5108 is offering SA ‘s 44th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this SA.
Using the current median advertised rental of $230 and the average annual increase in value of a median property of 3.70%, investors should hope to achieve an overall return of 6.29%
It is tough to find a suburb that’s better value for money than Salisbury, which is less than 20km from the Adelaide CBD and has a median house price south of $300,000Full summary
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It is tough to find a suburb that’s better value for money than Salisbury, which is less than 20km from the Adelaide CBD and has a median house price south of $300,000.Close
Families are attracted to Salisbury because of its wide range of quality public and private schools, not to mention excellent shopping options such as the Parabanks Shopping Centre and the Hollywood Plaza.
The stats make for good reading for investors too, with a gross rental yield of 6% and a vacancy rate of 1.81%, according to Real Estate Investar.
Three-bedroom houses on Almond Drive are in a quiet cul-de-sac conveniently located near the Hollywood Plaza, which caters for residents’ shopping needs. Families enjoy its proximity to Salisbury Downs Primary School and lovely parks.
Some detached houses on large blocks can be picked up there for less than $360,000.
For options closer to Salisbury Railway Station and Parabanks Shopping Centre, properties on Beltana Street are a safe bet.