At number 1687th in the list of Australian suburbs ordered by increase in median house value over the last year, Salisbury, 4107 is in the top half with a property value increase of 0.42% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Salisbury has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Salisbury is offering property investors an average of -7.03. This rate of discount on properties puts Suburb at number 534th in terms of most discounted suburbs in QLD
At number 415 in a list of fastest selling suburbs, Salisbury is in the TOP 20% of suburbs in Australia with an average of days on market 51.2381 for properties listed there.
Salisbury, 4107’s gross rental yield is 3.68%
If we look at median property appreciation over just the last three months, Salisbury has given property investors a paper return of 1.27%. This puts Suburb as 80 on a list of fastest fasting appreciating suburbs in QLD
At number 1137 in a list of fastest selling suburbs, Salisbury is in the bottom 20% of suburbs in Australia with an average of days on market 108.818 for properties listed there.
With the median price for a house in Salisbury being $398500 and the advertised rent reaching $455 the gross rental yield for property investors calculates out to be 5.94%
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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.