Salisbury, 5108 ranked 264th in SA when comparing growth in median property values or capital gain over the last 12 months. Salisbury is one of 853 in our list for SA
Comparing Salisbury,5108 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Salisbury should be aiming for at least -6.14% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Salisbury the average time real estate has been on the market is 58.88 days.
With a capital gain of 10.81% for the last 12 months, Salisbury, 5108 has performed for property investments than its average annual 4.65% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Salisbury,5108 has racked up an average of 10.81% over the period. This ranks it number 893th in the whole country for real estate investors looking at median house price increases.
Salisbury, 5108 is offering SA ‘s 52th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% 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 4.65%, investors should hope to achieve an overall return of 5.83%
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.