At number 3422th in the list of Australian suburbs ordered by increase in median house value over the last year, Elizabeth East, 5112 is in the BOTTOM 20% with a property value increase of -2.33% recorded in median house prices.
Across a shorter period, Elizabeth East, 5112 has seen a median price increase of 0.00% over the last quarter.
Elizabeth East is 22th on a list of best yielding suburbs for rents in SA with a 6.69% return
Elizabeth East is in the TOP 10% in SA when comparing median price capital growth over the last year. Elizabeth East gave property investors a very good capital gain figure when compared to the rest of the state, with 23.05%.
Elizabeth East,5112 has offered an average of 23.05% return per annum in house price rises to property investors over the last three years.
With the median price for a house in Elizabeth East being $173500 and the advertised rent reaching $225 the gross rental yield for property investors calculates out to be 6.74%
Elizabeth East has caught the interest of investors due to its remarkably strong returns, which hit an average of 8%, according to CoreLogic.Full summary
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Apartments thrive in northern Adelaide suburb
Median unit price: $146,000
Three-year growth: 4.29%
Rental yield: 8.01%
A northern suburb of Adelaide, Elizabeth East has caught the interest of investors due to its remarkably strong returns, which hit an average of 8%, according to CoreLogic.
As a result of Adelaide’s weakened property market scene, the suburb’s growth rate has been gentle, peaking at 5% in the past 12 months up to April 2017. Even with the increase in apartment prices, the median value is very low and does not crack the $150,000 mark. Buyers are also willing to seal the deal at a reasonably low average discount rate of 4.36%.
Elizabeth East is home to a primary school. There are a couple of supermarkets in town and a shopping centre. Other shopping hubs are easily accessible in nearby Elizabeth just 5 minutes away. The Adelaide CBD is roughly 40 minutes away by car, and buses to the city run from Midway Road.Close