Investment property in Salisbury has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.90%
Over the longer term, Salisbury has seen property prices show investors a 13.71% return over the last 3 years. This is worse than over the last 12 months
At number 185th of SA’s most discounted properties, Salisbury is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Property investors who have had real estate in Salisbury, 5108 should be 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 40.61%
Over the longer term, Salisbury has seen property prices show investors a 10.56% return over the last 3 years. This is an improvement over the last 12 months
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 -6.79% is being offered, which puts this SA suburb at 57th most discounted overall in Australia.
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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.