Elizabeth North has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -9.86% to date .
Elizabeth North,5113 was ranked 1597 in Australia by increase in median property value over the quarter.
Property buyers and investors in Elizabeth North 5113 should be seeing an average reduction in asking price of around -5.14% . This means that Elizabeth North is holding prices well when compared to other suburbs in SA.
In the last year 66 properties changed hands in Elizabeth North, which puts it as the 86th most active market in SA when comparing the number of sales per suburb.
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In the cluster of suburbs in northern Adelaide, including Elizabeth, Elizabeth North, Elizabeth Downs and Davoren Park, apartments are prevalent. In fact, ABS figures show than more than half of the suburb of Elizabeth North is comprised of medium density housing.
With a median value of $186,000 and an average annual growth of 3.58%, the apartment market has performed moderately in the recent past.
Here, residents have access to the local school, Elizabeth North Primary, along with the Munno Para Shopping City and Elizabeth Shopping centre. Public transport is also available.