Over the last year, property investments in Salisbury, 5108 have given investors a capital gain of 4.70%. This compares favourably with the 1.54% for SA as a whole.
Salisbury,5108 has offered an average of 4.70% return per annum in house price rises to property investors over the last three years.
Salisbury5108 is located in SA which offers an average discount of -6.84% to property investors. Salisbury itself is showing figures that indicate -6.02% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Salisbury being $301000 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 5.27%
If you compare the increase in value of investment property in Salisbury, 5108 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -10.40%.
A -22.50% growth in median value for property investors in Salisbury,5108 puts this suburb at number 23th in terms of best performing suburbs in SA
Sellers are offering property buyers an average discount of -9.22% to buyers in Salisbury at the moment, which is less than average for the rest of SA.
At number 1243 in a list of fastest selling suburbs, Salisbury is in the bottom 10% of suburbs in Australia with an average of days on market 124.438 for properties listed there.
With the median price for a house in Salisbury being $155000 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 8.05%
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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.