The suburb’s capital gain of 4.56% for the past year is higher than average compared to its 14.18% growth within a five-year period.
Also in SALISBURY, the median home price is sitting at $298,000, and the average rent at $295, this suggests property owners could potentially earn a 5.15% increase in gross rental yield.
Property investors have seen a 2.76% gain in SALISBURY based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.98% growth over a ten-year period. It ranks 2105th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.56%||6.5%|
|Median 3 years||10.88%||13.45%|
|Median 5 years||14.18%||5.58%|
|10 years average annual||3.98%||5.06%|
|Weekly media advert. rent||$295||$237.5|
|Time on Market||64.3 days||111.6 days|
|Gross Rental Yield Percent||5.15%||5.8%|