Elizabeth East, 5112 ranked 120th in SA when comparing growth in median property values or capital gain over the last 12 months. Elizabeth East is one of 853 in our list for SA
Comparing Elizabeth East,5112 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Elizabeth East 5112 should be seeing an average reduction in asking price of around -6.49% . This means that Elizabeth East is holding prices well when compared to other suburbs in SA.
Renters in Suburb are facing rents around $15340 per annum or $295 every week.
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.