SA has seen average median house prices change by 4.49% which means that Elizabeth East, 5112 has done well for property investors by showing a capital gain of -0.47% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Elizabeth East comes in at number 393th in SA.
Vendor discounting in Elizabeth East is giving property investors an average Vendor Discount of around -7.38%. This puts suburb at number 85th in SA when ranking the most discounted suburbs.
Residents and property investors in Elizabeth East have been waiting around 79.12 days to sell a property.
Situated 22.75km from the CBD, Elizabeth East is one of Playford localities in the postcode 5112.
Elizabeth East, 5112 ranked 35th in SA when comparing growth in median property values or capital gain over the last 12 months. Elizabeth East is one of 853 in our list for SA
Comparing Elizabeth East,5112 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Elizabeth East are currently offering property investors an average price cut of -7.91% below the asking price at the moment.
The SA suburb of Elizabeth East, 5112 is in the Playford local government area.
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