At number 1199th in the list of Australian suburbs ordered by increase in median house value over the last year, Salisbury, 5108 is in the top 30% with a property value increase of 10.14% recorded in median house prices.
Comparing Salisbury,5108 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.13% offered to property buyers. Sellers in Salisbury itself are offering an average vendor discount of -7.16% to real estate investors.
With the median price for a house in Salisbury being $326000 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 4.71%
Investment property in Salisbury has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.97%
Taking the average capital gain, or increase in median house value, Salisbury,5108 has racked up an average of 3.97% over the period. This ranks it number 1013th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Salisbury should be aiming for at least -5.73% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $235 mark per week – giving a return of 5.55% based on the median price in Suburb
Located right in the thick of its namesake city, the suburb of Salisbury is maximising its status as an affordable, well-located suburb to draw demandFull summary
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Units are in demand
Median unit price: $214,000
Stock on market: -2.3%
12-month growth: 13.8%
Located right in the thick of its namesake city, the suburb of Salisbury is maximising its status as an affordable, well-located suburb to draw demand.
Unit supply decreased slightly over the year leading to July 2017, which may have helped inspire growth as prices shot up by over 13%. Even then, the median value remains very low at just a little over $200,000. Coupled with the suburb being only about 30 minutes’ drive from Adelaide, this could spell good news for Salisbury.
Salisbury City itself is well stocked with amenities like shops, dining establishments and Parabanks Shopping Centre. There are several parks for outdoor activity as well. The area is highly accessible, with trains running from Salisbury railway station to Adelaide and Gawler.