Property value increases in Salisbury have tracked just higher than the SA average of 1.71% over the last 12 months.
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.
Sellers are offering property buyers an average discount of -5.55% to buyers in Salisbury at the moment, which is less than average for the rest of SA.
Salisbury, 5108’s gross rental yield is 5.29%
At number 1205th in the list of Australian suburbs ordered by increase in median house value over the last year, Salisbury, 5108 is in the BOTTOM 30% with a property value increase of -9.09% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Salisbury,5108 has racked up an average of -9.09% over the period. This ranks it number 1337th in the whole country for real estate investors looking at median house price increases.
At number 4th of SA’s most discounted properties, Salisbury is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Salisbury have been waiting around 127.2 days to sell a property.
Situated 18.69km from the CBD, Salisbury is one of Salisbury (C) localities in the postcode 5108.
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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.