If you compare the increase in value of investment property in Elizabeth Downs, 5113 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 7.67%.
While Elizabeth Downs,5113 ranked number 146th in SA for increase in median house value (annualised) increase, it is ranked 367th over the last 5 years.
Property buyers and investors in Elizabeth Downs 5113 should be seeing an average reduction in asking price of around -8.50% . This means that Elizabeth Downs is holding prices well when compared to other suburbs in SA.
Using the current median advertised rental of $255 and the average annual increase in value of a median property of 2.70%, investors should hope to achieve an overall return of 7.00%
Over the last year, property investments in Elizabeth Downs, 5113 have given investors a capital gain of 6.72%. This compares favourably with the 4.30% for SA as a whole.
Elizabeth Downs5113 is located in SA which offers an average discount of -6.18% to property investors. Elizabeth Downs itself is showing figures that indicate -7.49% is the average achievable by property buyers investing in the suburb.
A $210 per week rent on the median house gives suburb investors a gross yield of circa 8.09%, without taking into account capital value appreciation, which has been averaging out at 3.19%.