At number 2597th in the list of Australian suburbs ordered by increase in median house value over the last year, Salisbury, 5108 is in the BOTTOM 40% with a property value increase of -0.86% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Salisbury comes in at number 248th in SA.
The most recent median price for Salisbury is $289000, with sellers offering an average of -5.93% off the asking price.
Renters in Suburb are facing rents around $15600 per annum or $300 every week.
Property value increases in Salisbury have tracked lower than the SA average of -0.80% over the last 12 months.
Salisbury,5108 was ranked 1453 in Australia by increase in median property value over the quarter.
The most recent median price for Salisbury is $167000, with sellers offering an average of -8.25% off the asking price.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
With the median price for a house in Salisbury being $167000 and the advertised rent reaching $235 the gross rental yield for property investors calculates out to be 7.32%
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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.