Property investors who have had real estate in Salisbury, 4107 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.74%
While Salisbury,4107 ranked number 763th in QLD for increase in median house value (annualised) increase, it is ranked 487th over the last 5 years.
At number 761th of QLD’s most discounted properties, Salisbury is in the TOP 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 8.42 sales per month, which equates to 101 per year.
With the median price for a house in Salisbury being $645000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.55%
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Salisbury is located less than 9km south of Brisbane’s CBD, and is situated adjacent to Beaudesert Road. Salisbury hosts a large number of commercial and industrial businesses, and lies in close proximity to Griffith University, major arterial roads and public transport.
Salisbury hosts a number of convenience retailers, and the suburb has its own Aldi Supermarket. A wide range of retail offerings are also found in neighbouring suburbs such as the Woolworths Supermarket in Moorooka and the Westfield Garden City in Upper Mount Gravatt. Salisbury also has excellent public transport options with its own train station, as well as a number of buses servicing the suburb.
Salisbury offers investor the opportunity to make quick equity gains through renovations, subdivision and development, thanks to its larger than average block sizes.
“Many of these dwellings are likely to have renovation potential, whether it be externally, internally or both," says Tim Lawless, research director with RP Data. “Land sizes tend to be quite large, with the average land size in Salisbury being between 700 and 750 square metres, suggesting there may be room for densification.”
Locals fondly refer to Salisbury as “undiscovered pocket of green within 10k of the CBD”. The overall sentiment among residents confirms that Salisbury is a desirable, family-friendly suburb, with ample amenities to cater for its residents.