Property value increases in Elizabeth South have tracked just lower than the SA average of 1.79% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Elizabeth South comes in at number 333th in SA.
Elizabeth South, 5112 is offering SA ‘s 176th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this SA.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of -0.50%, investors should hope to achieve an overall return of 7.76%
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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.