Property value increases in Elizabeth South have tracked just higher than the SA average of 4.21% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Elizabeth South has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.38% to buyers in Elizabeth South at the moment, which is less than average for the rest of SA.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
Elizabeth South, 5112’s gross rental yield is 5.73%
Elizabeth South has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 2.16% to date .
A 1.43% growth in median value for property investors in Elizabeth South,5112 puts this suburb at number 85th in terms of best performing suburbs in SA
Vendor discounting in Elizabeth South is giving property investors an average Vendor Discount of around -7.17%. This puts suburb at number 39th in SA when ranking the most discounted suburbs.
With the median price for a house in Elizabeth South being $142000 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 8.06%