Salisbury is in the TOP 30% in SA when comparing median price capital growth over the last year. Salisbury gave property investors a good capital gain figure when compared to the rest of the state, with 6.90%.
Over the longer term, Salisbury has seen property prices show investors a 8.77% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Salisbury is giving property investors an average Vendor Discount of around -6.01%. This puts suburb at number 154th in SA when ranking the most discounted suburbs.
Advertised rents are around the $310 mark per week – giving a return of 5.20% based on the median price in Suburb
At number 723th in the list of Australian suburbs ordered by increase in median house value over the last year, Salisbury, 5108 is in the top half with a property value increase of 0.00% recorded in median house prices.
Salisbury,5108 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Salisbury, 5108. Typically our figures indicate that -7.81% is being offered, which puts this SA suburb at 174th most discounted overall in Australia.
Residents and property investors in Salisbury have been waiting around 91.6667 days to sell a property.
Advertised rents are around the $240 mark per week – giving a return of 7.56% based on the median price in Suburb
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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.