If you compare the increase in value of investment property in Elizabeth South, 5112 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -5.04%.
When looking at the potential capital gains offered to property investors over the last 3 years, Elizabeth South comes in at number 314th in SA.
Our latest figures would indicate that property sellers in Elizabeth South are currently offering property investors an average price cut of -3.71% below the asking price at the moment.
Elizabeth South is 5th on a list of best yielding suburbs for rents in SA with a 7.64% 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.