At number 2148th in the list of Australian suburbs ordered by increase in median house value over the last year, Salisbury, 5108 is in the BOTTOM 50% with a property value increase of 3.23% recorded in median house prices.
A 23.08% growth in median value for property investors in Salisbury,5108 puts this suburb at number 330th in terms of best performing suburbs in SA
Sellers are offering property buyers an average discount of -7.42% to buyers in Salisbury at the moment, which is less than average for the rest of SA.
Situated 17.90km from the CBD, Salisbury is one of Salisbury localities in the postcode 5108.
SA has seen average median house prices change by 3.07% which means that Salisbury, 5108 has done well for property investors by showing a capital gain of 5.14% over the last year
Comparing Salisbury,5108 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Salisbury, 5108. Typically our figures indicate that -5.93% is being offered, which puts this SA suburb at 461th most discounted overall in Australia.
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.