Over the last year, property investments in Elizabeth North, 5113 have given investors a capital gain of 21.02%. This compares very favourably with the 10.08% for SA as a whole.
Across a shorter period, Elizabeth North, 5113 has seen a median price increase of 7.04% over the last quarter.
Vendor discounting in Elizabeth North is giving property investors an average Vendor Discount of around -8.15%. This puts suburb at number 17th in SA when ranking the most discounted suburbs.
With the median price for a house in Elizabeth North being $190000 and the advertised rent reaching $265 the gross rental yield for property investors calculates out to be 7.25%
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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.