Property investors who have had real estate in Elizabeth South, 5112 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.71%
A -3.47% growth in median value for property investors in Elizabeth South,5112 puts this suburb at number 200th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Elizabeth South are currently offering property investors an average price cut of -8.09% below the asking price at the moment.
In the last year 32 properties changed hands in Elizabeth South, which puts it as the 265th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Elizabeth South being $173750 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 7.18%
Information supplied by:
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.