SA has seen average median house prices change by 1.92% which means that Elizabeth South, 5112 has done well for property investors by showing a capital gain of 12.00% over the last year
Over the longer term, Elizabeth South has seen property prices show investors a -2.61% return over the last 3 years. This is an improvement over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.87% offered to property buyers. Sellers in Elizabeth South itself are offering an average vendor discount of -6.85% to real estate investors.
Property investors should expect to get $245 weekly from the median priced house in this 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.