If you compare the increase in value of investment property in Salisbury, 5108 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was -0.51%.
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.
Property buyers and investors in Salisbury 5108 should be seeing an average reduction in asking price of around -5.63% . This means that Salisbury is holding prices well when compared to other suburbs in SA.
With a capital gain of -13.29% for the last 12 months, Salisbury, 5108 has performed for property investments than its average annual -1.80% property growth over the last 5 years.
The five-year average increase in median property values for Salisbury,5108 has given property investors a potential capital gain of -22.28% across each of those five years.
Property investors looking for a bargain in Salisbury should be aiming for at least -9.59% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 27 properties changed hands in Salisbury, which puts it as the 26th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Salisbury being $150000 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 8.32%
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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.