Salisbury has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 10.54% to date .
Over the longer term, Salisbury has seen property prices show investors a 18.52% return over the last 3 years. This is worse than over the last 12 months
Salisbury, 5108 is offering SA ‘s 164th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 4.22%, investors should hope to achieve an overall return of 4.79%
Giving property investors a a solid capital gain of 18.42% for the last year, Salisbury, 5108 is the 198th highest performer in Australia in this respect.
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.
Sellers are offering property buyers an average discount of -6.95% to buyers in Salisbury at the moment, which is less than average for the rest of SA.
Renters in Suburb are facing rents around $2850 per annum or $237.5 every week.
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.