Elizabeth East is an average performer in SA when comparing median price capital growth over the last year. Elizabeth East gave property investors a good capital gain figure when compared to the rest of the state, with 5.58%.
When looking at the potential capital gains offered to property investors over the last 3 years, Elizabeth East comes in at number 315th in SA.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.30% offered to property buyers. Sellers in Elizabeth East itself are offering an average vendor discount of -6.01% to real estate investors.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.05%, investors should hope to achieve an overall return of 6.21%
Investment property in Elizabeth East has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -16.81%
Elizabeth East, 5112’s gross rental yield is 8.15%
Elizabeth was originally planned as a satellite city of Adelaide in the 1950s, the township was later amalgamated into the local government area of Playford in 1997, and became a suburb of greater AdelaideFull summary
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Supply dips in affordable suburb
Median house price: $210,000
Stock on market: -47.2%
12-month growth: 0.0%
Elizabeth was originally planned as a satellite city of Adelaide in the 1950s, the township was later amalgamated into the local government area of Playford in 1997, and became a suburb of greater Adelaide.
It’s quiet, and boasts good schools and affordable housing – a great place to raise a family, 25km from the Adelaide CBD. The current median house price is $210,000, a drop of 2.6% this quarter, and steady compared to this time last year.
Units however have grown 4.7% in the past twelve months, to $146,000. The stock on market trends reveal a 47.2% drop in the number of properties for sale, with just 19 houses listed this year, compared to 36 last year – perhaps homeowners are staying put, in the hope house prices regain some ground in the coming months.Close