Investment property in Salisbury East 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 5.86%
Taking the average capital gain, or increase in median house value, Salisbury East,5109 has racked up an average of 5.86% over the period. This ranks it number 2382th in the whole country for real estate investors looking at median house price increases.
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 East, 5109. Typically our figures indicate that -6.14% is being offered, which puts this SA suburb at 1795th most discounted overall in Australia.
In the last year 158 properties changed hands in Salisbury East, which puts it as the 23th most active market in SA when comparing the number of sales per suburb.
The SA suburb of Salisbury East, 5109 is in the Salisbury local government area.
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 14.29%.
Salisbury East, 5109 is offering SA ‘s 31th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this SA.
Often selling an investment property can take time, and in Salisbury East the average time real estate has been on the market is 96.58 days.
A $245 per week rent on the median house gives suburb investors a gross yield of circa 5.31%, without taking into account capital value appreciation, which has been averaging out at 4.43%.
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
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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.
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.
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.
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.
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.
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.
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.