Suburb Profile Report for Salisbury QLD (4107)

Salisbury House: Median price $600,000, Annual capital growth 3.96%, Number of sales 96, Weekly median advertised rent $425

Salisbury Unit: Median price $398,500, Annual capital growth 0.70%, Number of sales 12, Weekly median advertised rent $455

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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%

Information supplied by:




M
O

W
E

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.

Metrics i HOUSE UNIT
$600,000 $398,500
-1.15% 1.27%
0.42% N/A
3.96% 0.70%
$425 $455
96 12
3.68% 5.94%
51.2380952380952 108.818181818182

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Salisbury QLD
Demographics
Total population 6096
Median household income ($/weekly) 1344
Median age of persons 34
Median housing loan repayment ($/monthly) 1900
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 649 10.6
    20-24 years 548 9.0
    25-34 years 1066 17.5
    35-44 years 911 14.9
    45-54 years 752 12.3
    Others 2169 35.6
    Age Group
    Census Count Percent(%)
    Not Married 2086 47.7
    Registered Married 1872 42.8
    Defacto Relationship 417 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4166 73.4
    Indonesia 167 2.9
    Papua New Guinea 199 3.5
    United Kingdom 195 3.4
    Other 381 6.7
    Others 567 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 113 2.1
    Christianity 3553 65.2
    Hinduism 111 2.0
    Islam 142 2.6
    No Religion 1442 26.5
    Others 85 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 169 8.9
    $600-$799 183 9.6
    $1,000-$1,249 186 9.8
    $1,500-$1,999 275 14.5
    $2,000-$2,499 222 11.7
    Others 866 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1830 39.2
    Not in the labour force 1585 33.9
    Employed, worked part-time 891 19.1
    Employed, away from work 184 3.9
    Unemployed, looking for work 179 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 278 9.6
    Professionals 721 24.8
    Technicians & trades workers 414 14.3
    Clerical & administrative workers 456 15.7
    Labourers 283 9.8
    Others 750 25.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 444 30.8
    Secondary 263 18.3
    Technical or Further Educational Institution 142 9.9
    University or other Tertiary Institutions 454 31.5
    Other type of educational institution 72 5.0
    Others 65 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5150 93.5
    Semi-detached, row or terrace house, townhouse 303 5.5
    Flat, unit or apartment 54 1.0
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 787 38.7
    Fully owned 627 30.8
    Rented 615 30.2
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
Chart Table