Suburb Profile Report for Salisbury SA (5108)

Salisbury House: Median price $290,000, Annual capital growth 1.13%, Number of sales 115, Weekly median advertised rent $300

Salisbury Unit: Median price $150,000, Annual capital growth -1.80%, Number of sales 27, Weekly median advertised rent $240

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

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

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If you compare the increase in value of investment property in Salisbury, 5108 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was -0.51%.

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.

Property buyers and investors in Salisbury 5108 should be seeing an average reduction in asking price of around -5.63% . This means that Salisbury is holding prices well when compared to other suburbs in SA.

With a capital gain of -13.29% for the last 12 months, Salisbury, 5108 has performed for property investments than its average annual -1.80% property growth over the last 5 years.

The five-year average increase in median property values for Salisbury,5108 has given property investors a potential capital gain of -22.28% across each of those five years.

Property investors looking for a bargain in Salisbury should be aiming for at least -9.59% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 27 properties changed hands in Salisbury, which puts it as the 26th most active market in SA when comparing the number of sales per suburb.

With the median price for a house in Salisbury being $150000 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 8.32%

Information supplied by:


October 2017

M
O

W
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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
$290,000 $150,000
0.35% -3.23%
-0.51% -13.29%
1.13% -1.80%
$300 $240
115 27
5.38% 8.32%
65.6463414634146 126

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

DSR Score for property investment : Very good (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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