With a capital gain of 6.90% for the last 12 months, Salisbury, 5108 has performed for property investments than its average annual 4.43% property growth over the last 5 years.
While Salisbury,5108 ranked number 91th in SA for increase in median house value (annualised) increase, it is ranked 169th over the last 5 years.
Sellers are offering property buyers an average discount of -7.07% to buyers in Salisbury at the moment, which is less than average for the rest of SA.
If you compare the increase in value of investment property in Salisbury, 5108 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 9.74%.
Salisbury,5108 was ranked 801 in Australia by increase in median property value over the quarter.
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 -7.41% is being offered, which puts this SA suburb at 224th most discounted overall in Australia.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
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.