Giving property investors a an unimpressive capital gain of -5.04% for the last year, Elizabeth East, 5112 is the 2847th highest performer in Australia in this respect.
Elizabeth East,5112 has offered an average of -5.04% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Elizabeth East are currently offering property investors an average price cut of -5.58% below the asking price at the moment.
Information supplied by:
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.