With a capital gain of 0.00% for the last 12 months, Salisbury, 5108 has performed for property investments than its average annual 4.28% property growth over the last 5 years.
Across a shorter period, Salisbury, 5108 has seen a median price increase of 0.17% over the last quarter.
Property buyers and investors in Salisbury 5108 should be seeing an average reduction in asking price of around -5.95% . This means that Salisbury is holding prices well when compared to other suburbs in SA.
Residents and property investors in Salisbury have been waiting around 51.89 days to sell a property.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 4.28%, investors should hope to achieve an overall return of 5.29%
Salisbury has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 6.89% to date .
A 5.95% growth in median value for property investors in Salisbury,5108 puts this suburb at number 45th in terms of best performing suburbs in SA
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Salisbury, 5108. Typically our figures indicate that -7.59% is being offered, which puts this SA suburb at 216th most discounted overall in Australia.
At number 1306 in a list of fastest selling suburbs, Salisbury is in the bottom 20% of suburbs in Australia with an average of days on market 115.42 for properties listed there.
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
Information supplied by:
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.