Property value increases in Brahma Lodge have tracked just higher than the SA average of 10.08% over the last 12 months.
Across a shorter period, Brahma Lodge, 5109 has seen a median price increase of 1.61% over the last quarter.
Renters in Suburb are facing rents around $18330 per annum or $352.5 every week.
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House supply is down in low-priced suburb
Median house price: $266,000
Stock on market: -32.3%
12-month growth: -3.6%
The suburb of Brahma Lodge, named for the trotting horse stud that was once located in the area, recorded a sharp drop in housing stock over the past 12 months leading up to November 2017.
Prices in this suburb fell by 3.6% in the same period following a consistent stretch of positive growth over the most recent five-year period, although the November 2017 quarter indicated some recovery through a 0.2% increase in values. The median house price comes in at just $266,000, making Brahma Lodge highly affordable. The average yield is quite high at 5.8%.
The suburb’s centre is home to Brahma Lodge Primary School. After school, kids can head to Cockburn Green or Brahma Lodge Oval for recreation. The Salisbury town centre is also only a short distance away.