Investment property in Elizabeth South has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.60%
While Elizabeth South,5112 ranked number 236th in SA for increase in median house value (annualised) increase, it is ranked 308th over the last 5 years.
Our latest figures would indicate that property sellers in Elizabeth South are currently offering property investors an average price cut of -5.74% below the asking price at the moment.
Residents and property investors in Elizabeth South have been waiting around 38.64 days to sell a property.
Elizabeth South is 12th on a list of best yielding suburbs for rents in SA with a 7.58% return
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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.