At number 1584th in the list of Australian suburbs ordered by increase in median house value over the last year, Elizabeth East, 5112 is in the top 40% with a property value increase of 6.64% recorded in median house prices.
The five-year average increase in median property values for Elizabeth East,5112 has given property investors a potential capital gain of 9.76% across each of those five years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.24% offered to property buyers. Sellers in Elizabeth East itself are offering an average vendor discount of -6.58% to real estate investors.
Renters in Suburb are facing rents around $14040 per annum or $270 every week.
Elizabeth East has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of -1.71% to date .
Taking the average capital gain, or increase in median house value, Elizabeth East,5112 has racked up an average of -1.71% over the period. This ranks it number 1496th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -5.76% to buyers in Elizabeth East at the moment, which is less than average for the rest of SA.
With the median price for a house in Elizabeth East being $143500 and the advertised rent reaching $227.5 the gross rental yield for property investors calculates out to be 8.24%
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
Information supplied by:
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