Property investors who have had real estate in Salisbury, 5108 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.29%
Over the longer term, Salisbury has seen property prices show investors a 18.41% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Salisbury itself are offering an average vendor discount of -6.71% to real estate investors.
Residents and property investors in Salisbury have been waiting around 79.3 days to sell a property.
Renters in Suburb are facing rents around $3540 per annum or $295 every week.
Property value increases in Salisbury have tracked just higher than the SA average of 2.69% over the last 12 months.
A 9.45% growth in median value for property investors in Salisbury,5108 puts this suburb at number 63th in terms of best performing suburbs in SA
LACK OF BUYER INTEREST may well be the reason that Salisbury is offering property investors an average of -6.23. This rate of discount on properties puts Suburb at number 41th in terms of most discounted suburbs in SA
On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.
The SA suburb of Salisbury, 5108 is in the Salisbury local government area.
It is tough to find a suburb that’s better value for money than Salisbury, which is less than 20km from the Adelaide CBD and has a median house price south of $300,000Full summary
Information supplied by:
It is tough to find a suburb that’s better value for money than Salisbury, which is less than 20km from the Adelaide CBD and has a median house price south of $300,000.Close
Families are attracted to Salisbury because of its wide range of quality public and private schools, not to mention excellent shopping options such as the Parabanks Shopping Centre and the Hollywood Plaza.
The stats make for good reading for investors too, with a gross rental yield of 6% and a vacancy rate of 1.81%, according to Real Estate Investar.
Three-bedroom houses on Almond Drive are in a quiet cul-de-sac conveniently located near the Hollywood Plaza, which caters for residents’ shopping needs. Families enjoy its proximity to Salisbury Downs Primary School and lovely parks.
Some detached houses on large blocks can be picked up there for less than $360,000.
For options closer to Salisbury Railway Station and Parabanks Shopping Centre, properties on Beltana Street are a safe bet.