Suburb Profile Report for Salisbury East SA (5109)

Salisbury East House: Median price $293,000, Annual capital growth 3.69%, Number of sales 155, Weekly median advertised rent $300

Salisbury East Unit: Median price $235,000, Annual capital growth 4.36%, Number of sales 35, Weekly median advertised rent $240

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Salisbury East has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -0.17% to date .

If we look at median property appreciation over just the last three months, Salisbury East has given property investors a paper return of 1.03%. This puts Suburb as 192 on a list of fastest fasting appreciating suburbs in SA

Sellers are offering property buyers an average discount of -5.74% to buyers in Salisbury East at the moment, which is less than average for the rest of SA.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

Salisbury East is in the TOP 20% in SA when comparing median price capital growth over the last year. Salisbury East gave property investors a very good capital gain figure when compared to the rest of the state, with 17.50%.

The five-year average increase in median property values for Salisbury East,5109 has given property investors a potential capital gain of -6.75% across each of those five years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.18% offered to property buyers. Sellers in Salisbury East itself are offering an average vendor discount of -7.44% to real estate investors.

On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.

Advertised rents are around the $240 mark per week – giving a return of 5.31% based on the median price in Suburb

Andrew Farnworth Information supplied by:

Andrew Farnworth
Ray White

M 0433 963 977
O 0433 963 977

W http://www.raywhite.com/andrew-farnworth/real-estate-agent/af1302171105/#.UkOxyRB4hpo
E andrew.farnworth@raywhite.com
Salisbury East is a suburb 20km north of Adelaide CBD and is part of the Local Government Areas of the City of Salisbury and the City of Tea Tree Gully. With an approximate size of 7.9km2 and adjacent highly sought after suburbs such as Gulfview Heights and Salisbury Heights, Salisbury East is becoming an increasingly attractive proposition for people looking for property as it is more affordable than those suburbs. The median house price in Salisbury East for 2013 across the 118 sales that have occurred is $256,750. Full summary
Salisbury East is a suburb 20km north of Adelaide CBD and is part of the Local Government Areas of the City of Salisbury and the City of Tea Tree Gully. With an approximate size of 7.9km2 and adjacent highly sought after suburbs such as Gulfview Heights and Salisbury Heights, Salisbury East is becoming an increasingly attractive proposition for people looking for property as it is more affordable than those suburbs. The median house price in Salisbury East for 2013 across the 118 sales that have occurred is $256,750.  
 
Selling points: 
Salisbury East is relatively affordable for the region and generally possesses good block sizes. It is only 20km north of the city and offers a range of homes to suit everyone from first home buyers to investors to downsizers and families. There are numerous reserves and parks as well as amenities across the whole suburb.
 
Most sought-after properties: 
There is not a distinctive exclusive section of Salisbury East which could be classified as containing the most sought after properties. However there is high demand for the rarer, large 4 bedroom 2 bathroom homes which do exist in the suburb. 
 
Most common properties:  
With the majority of the homes in the suburb being built in the 1970's and 1980's the most common properties are the three bedroom one bathroom brick homes which are prevalent across the whole suburb.
 
Top amenities: 
There are numerous schools in the suburb as well as a couple of corner shops. Tyndale is a well regarded private school while there are two public primary schools called Keller Road Primary School and Madison Park Primary School. Salisbury East High School is a large public high school in the suburb as well. Northbri Avenue and Gloucester Avenue both have corner shops on them while there are sporting, gym and recreational facilities on Clayson Road. There is also a relatively new retirement complex off of Fern Grove Boulevard.
 
Local industry and business:
There are numerous retail precincts in neighbouring suburbs such as Salisbury, Tea Tree Gully and Elizabeth which employ a lot of the local residents. Many of the residents also work in the Adelaide CBD across a range of industries.
 
Recent changes: 
A major recent change came in the early years of the millennium when a large section of what was formerly known as Salisbury East on the Eastern side of Bridge Road was renamed and reallocated to Gulfview Heights. 
 
Best streets: 
The newer streets in Salisbury East such as Gateway Drive, Cobbler Circuit and Creek Rise are very attractive streets located off the Golden Way and generally possess quite nice homes.
 
Public transport: 
There is a public bus service which runs through and around the suburb. Linking the suburb to Elizabeth, Tree Plaza and Golden Grove Interchanges as well as the Salisbury bus/train interchange. Buses also link the suburb to the city.
 
Main arteries: 
Smith Road, Clayson Road and Northbri Avenue are the major arteries through the suburb while there are numerous secondary arteries which also link the suburb to the major roads which run along the boundaries of Salisbury East being Main North Road, McIntyre Road,  The Grove Way and Bridge Road.
Close
HOUSE UNIT
$293,000 $235,000
1.03% 11.37%
-0.17% 17.50%
3.69% 4.36%
$300 $240
155 35
5.32% 5.31%
59.04 102.31

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Salisbury East SA
Demographics
Total population 8848
Median household income ($/weekly) 919
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1002 11.3
    25-34 years 1179 13.3
    35-44 years 1122 12.7
    45-54 years 1150 13.0
    55-64 years 1073 12.1
    Others 3323 37.6
    Age Group
    Census Count Percent(%)
    Registered Married 3105 46.8
    Not Married 2842 42.8
    Defacto Relationship 694 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5994 71.3
    Japan 123 1.5
    United Kingdom 1256 14.9
    Viet Nam 81 1.0
    Other 313 3.7
    Others 642 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 149 1.9
    Christianity 5148 64.7
    Islam 128 1.6
    Other Religious Groups 73 0.9
    No Religion 2390 30.0
    Others 69 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 440 14.0
    $600-$799 441 14.1
    $800-$999 364 11.6
    $1,000-$1,249 358 11.4
    $1,500-$1,999 374 11.9
    Others 1160 37.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2954 42.3
    Employed, worked full-time 2294 32.9
    Employed, worked part-time 1210 17.3
    Unemployed, looking for work 278 4.0
    Employed, away from work 244 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 416 11.1
    Technicians & trades workers 655 17.5
    Community & personal service workers 437 11.7
    Clerical & administrative workers 616 16.4
    Labourers 502 13.4
    Others 1121 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 115 6.6
    Infants/Primary 671 38.7
    Secondary 485 28.0
    Technical or Further Educational Institution 214 12.3
    University or other Tertiary Institutions 200 11.5
    Others 50 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7365 88.8
    Semi-detached, row or terrace house, townhouse 473 5.7
    Flat, unit or apartment 460 5.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1304 38.8
    Fully owned 1139 33.9
    Rented 846 25.2
    Other tenure type 71 2.1
    Tenure Type
Census 2011, ABS
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