If you compare the increase in value of investment property in Salisbury, 4107 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 8.84%.
The five-year average increase in median property values for Salisbury,4107 has given property investors a potential capital gain of 26.13% across each of those five years.
Our latest figures would indicate that property sellers in Salisbury are currently offering property investors an average price cut of -7.03% below the asking price at the moment.
Salisbury, 4107’s gross rental yield is 2.63%
Property value increases in Salisbury have tracked just lower than the QLD average of 14.15% over the last 12 months.
If we look at median property appreciation over just the last three months, Salisbury has given property investors a paper return of 3.12%. This puts Suburb as 372 on a list of fastest fasting appreciating suburbs in QLD
The most recent median price for Salisbury is $385500, with sellers offering an average of 0.00% off the asking price.
Renters in Suburb are facing rents around $17940 per annum or $345 every week.
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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.