Suburb Profile Report for Salisbury SA (5108)

Salisbury House: Median price $285,000, Annual capital growth 0.97%, Number of sales 125, Weekly median advertised rent $300

Salisbury Unit: Median price $162,500, Annual capital growth -0.98%, Number of sales 22, Weekly median advertised rent $240

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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%

Information supplied by:


October 2017

M
O

W
E

Units are in demand

Postcode: 5108

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.

 

Metrics i HOUSE UNIT
$285,000 $162,500
-1.38% -6.07%
-2.06% -24.42%
0.97% -0.98%
$300 $240
125 22
5.47% 7.68%
65.19512 102.76923

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 7549
Median household income ($/weekly) 758
Median age of persons 40
Median housing loan repayment ($/monthly) 1200
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 774 10.3
    25-34 years 1057 14.0
    35-44 years 905 12.0
    45-54 years 950 12.6
    55-64 years 916 12.1
    Others 2947 39.0
    Age Group
    Census Count Percent(%)
    Not Married 2875 51.6
    Registered Married 2233 40.1
    Defacto Relationship 466 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4563 64.2
    Japan 242 3.4
    United Kingdom 664 9.3
    Viet Nam 109 1.5
    Other 765 10.8
    Others 760 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 242 3.6
    Christianity 4235 63.0
    Hinduism 341 5.1
    Islam 137 2.0
    No Religion 1694 25.2
    Others 69 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 369 13.2
    $400-$599 449 16.1
    $600-$799 402 14.4
    $800-$999 318 11.4
    $1,000-$1,249 280 10.1
    Others 967 34.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2860 48.9
    Employed, worked full-time 1669 28.6
    Employed, worked part-time 789 13.5
    Unemployed, looking for work 326 5.6
    Employed, away from work 199 3.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 396 14.9
    Community & personal service workers 297 11.2
    Clerical & administrative workers 369 13.9
    Machinery operators & drivers 317 11.9
    Labourers 465 17.5
    Others 815 30.7
    Occupation
    Census Count Percent(%)
    Pre-school 88 5.9
    Infants/Primary 508 34.1
    Secondary 385 25.9
    Technical or Further Educational Institution 266 17.9
    University or other Tertiary Institutions 173 11.6
    Others 69 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4876 70.3
    Flat, unit or apartment 1158 16.7
    Semi-detached, row or terrace house, townhouse 903 13.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1292 43.5
    Fully owned 875 29.5
    Being purchased 778 26.2
    Other tenure type 22 0.7
    Tenure Type
Census 2011, ABS
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