Suburb Profile Report for Salisbury SA (5108)

Salisbury House: Median price $289,500, Annual capital growth 4.23%, Number of sales 97, Weekly median advertised rent $295

Salisbury Unit: Median price $202,500, Annual capital growth 4.48%, Number of sales 67, Weekly median advertised rent $235

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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 1.58%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Salisbury has increased when compared to the 5 year average annual rate.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.56% offered to property buyers. Sellers in Salisbury itself are offering an average vendor discount of -5.90% to real estate investors.

Situated 18.27km from the CBD, Salisbury is one of Salisbury localities in the postcode 5108.

Salisbury has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 9.46% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Salisbury has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Salisbury are currently offering property investors an average price cut of -7.18% below the asking price at the moment.

A $235 per week rent on the median house gives suburb investors a gross yield of circa 6.03%, without taking into account capital value appreciation, which has been averaging out at 4.48%.

Information supplied by:


October 2015

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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 $300,000Full summary

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.

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.

Close
Metrics i HOUSE UNIT
$289,500 $202,500
0.00% 6.58%
1.58% 9.46%
4.23% 4.48%
$295 $235
97 67
5.30% 6.03%
53.6 118.98

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Salisbury SA
Demographics
Total population 7549
Median household income ($/weekly) 758
Median age of persons 40
Median housing loan repayment ($/monthly) 1200
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 774 10.3
    25-34 years 1057 14.0
    35-44 years 905 12.0
    45-54 years 950 12.6
    55-64 years 916 12.1
    Others 2947 39.0
    Age Group
    Census Count Percent(%)
    Not Married 2875 51.6
    Registered Married 2233 40.1
    Defacto Relationship 466 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4563 64.2
    Japan 242 3.4
    United Kingdom 664 9.3
    Viet Nam 109 1.5
    Other 765 10.8
    Others 760 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 242 3.6
    Christianity 4235 63.0
    Hinduism 341 5.1
    Islam 137 2.0
    No Religion 1694 25.2
    Others 69 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 369 13.2
    $400-$599 449 16.1
    $600-$799 402 14.4
    $800-$999 318 11.4
    $1,000-$1,249 280 10.1
    Others 967 34.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2860 48.9
    Employed, worked full-time 1669 28.6
    Employed, worked part-time 789 13.5
    Unemployed, looking for work 326 5.6
    Employed, away from work 199 3.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 396 14.9
    Community & personal service workers 297 11.2
    Clerical & administrative workers 369 13.9
    Machinery operators & drivers 317 11.9
    Labourers 465 17.5
    Others 815 30.7
    Occupation
    Census Count Percent(%)
    Pre-school 88 5.9
    Infants/Primary 508 34.1
    Secondary 385 25.9
    Technical or Further Educational Institution 266 17.9
    University or other Tertiary Institutions 173 11.6
    Others 69 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4876 70.3
    Flat, unit or apartment 1158 16.7
    Semi-detached, row or terrace house, townhouse 903 13.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1292 43.5
    Fully owned 875 29.5
    Being purchased 778 26.2
    Other tenure type 22 0.7
    Tenure Type
Census 2011, ABS
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