Property value increases in Salisbury have tracked just lower than the SA average of 2.25% over the last 12 months.
A 9.40% growth in median value for property investors in Salisbury,5108 puts this suburb at number 291th in terms of best performing suburbs in SA
The most recent median price for Salisbury is $287000, with sellers offering an average of -6.11% off the asking price.
Renters in Suburb are facing rents around $16120 per annum or $310 every week.
SA has seen average median house prices change by 1.26% which means that Salisbury, 5108 has done well for property investors by showing a capital gain of -30.23% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Salisbury comes in at number 102th in SA.
Salisbury5108 is located in SA which offers an average discount of -6.55% to property investors. Salisbury itself is showing figures that indicate -8.84% is the average achievable by property buyers investing in the suburb.
Situated 18.96km from the CBD, Salisbury is one of Salisbury (C) localities in the postcode 5108.
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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.