At number 3362th in the list of Australian suburbs ordered by increase in median house value over the last year, Elizabeth East, 5112 is in the BOTTOM 20% with a property value increase of -2.33% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Elizabeth East has increased when compared to the 5 year average annual rate.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.08% offered to property buyers. Sellers in Elizabeth East itself are offering an average vendor discount of -6.93% to real estate investors.
Property investors should expect to get $270 weekly from the median priced house in this suburb.
SA has seen average median house prices change by 3.57% which means that Elizabeth East, 5112 has done well for property investors by showing a capital gain of 0.00% over the last year
A 6.42% growth in median value for property investors in Elizabeth East,5112 puts this suburb at number 182th in terms of best performing suburbs in SA
Property investors should expect to get $230 weekly from the median priced house in this suburb.
Elizabeth was originally planned as a satellite city of Adelaide in the 1950s, the township was later amalgamated into the local government area of Playford in 1997, and became a suburb of greater AdelaideFull summary
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Supply dips in affordable suburb
Median house price: $210,000
Stock on market: -47.2%
12-month growth: 0.0%
Elizabeth was originally planned as a satellite city of Adelaide in the 1950s, the township was later amalgamated into the local government area of Playford in 1997, and became a suburb of greater Adelaide.
It’s quiet, and boasts good schools and affordable housing – a great place to raise a family, 25km from the Adelaide CBD. The current median house price is $210,000, a drop of 2.6% this quarter, and steady compared to this time last year.
Units however have grown 4.7% in the past twelve months, to $146,000. The stock on market trends reveal a 47.2% drop in the number of properties for sale, with just 19 houses listed this year, compared to 36 last year – perhaps homeowners are staying put, in the hope house prices regain some ground in the coming months.Close