Investment property in Salisbury has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.58%
While Salisbury,5108 ranked number 265th in SA for increase in median house value (annualised) increase, it is ranked 216th 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 -6.10% below the asking price 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 52.93 days.
Renters in Suburb are facing rents around $3540 per annum or $295 every week.
With a capital gain of 3.36% for the last 12 months, Salisbury, 5108 has performed for property investments than its average annual 4.22% 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 3.36% over the period. This ranks it number 982th in the whole country for real estate investors looking at median house price increases.
At number 55th of SA’s most discounted properties, Salisbury is in the bottom 40% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.
Using the current median advertised rental of $235 and the average annual increase in value of a median property of 4.22%, investors should hope to achieve an overall return of 6.11%
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.