Over the last year, property investments in Elizabeth South, 5112 have given investors a capital gain of 0.00%. This compares badly with the 2.25% for SA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Elizabeth South comes in at number 375th in SA.
Property buyers and investors in Elizabeth South 5112 should be seeing an average reduction in asking price of around -5.88% . This means that Elizabeth South is holding prices well when compared to other suburbs in SA.
Advertised rents are around the $250 mark per week – giving a return of 8.13% based on the median price in Suburb
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Remarkably low prices and high yields
Median unit price: $141,750
Three-year growth: 5.2%
Rental yield: 8.1%
Conceived as one of the first suburbs to be part of the planned City of Elizabeth, Elizabeth South is composed of residences in the north and businesses south of Hogarth Road, including manufacturing for the defence sector. The suburb’s commercial hub is located in the residential half, with shops, a supermarket, bank and other amenities. Elizabeth South is also bounded in the west by the Gawler railway line.
This suburb is one of the lowest-priced suburbs in SA, with the median value for apartments coming in at under $150,000. However, despite a slight drop of 2.2% in the three months to July 2018, Elizabeth South has recorded consistent positive growth since 2013. Moreover, investors are likely to be drawn to the incredibly high average rental return of 8.1%. Thus, units generally do not stay on the market for more than two months.