At number 3081th in the list of Australian suburbs ordered by increase in median house value over the last year, Elizabeth Grove, 5112 is in the BOTTOM 30% with a property value increase of 0.00% recorded in median house prices.
While Elizabeth Grove,5112 ranked number 101th in SA for increase in median house value (annualised) increase, it is ranked 361th over the last 5 years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Elizabeth Grove itself are offering an average vendor discount of -8.47% to real estate investors.
The SA suburb of Elizabeth Grove, 5112 is in the Playford local government area.
Property value increases in Elizabeth Grove have tracked just higher than the SA average of 3.61% over the last 12 months.
Over the longer term, Elizabeth Grove has seen property prices show investors a 2.82% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Elizabeth Grove is giving property investors an average Vendor Discount of around -5.85%. This puts suburb at number 91th in SA when ranking the most discounted suburbs.
At number 874 in a list of fastest selling suburbs, Elizabeth Grove is just in the bottom half of suburbs in Australia with an average of days on market 81.07 for properties listed there.
A $225 per week rent on the median house gives suburb investors a gross yield of circa 8.01%, without taking into account capital value appreciation, which has been averaging out at 2.46%.