SALISBURY DOWNS, 5108 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling SALISBURY DOWNS, 5108 values up and netting property investors a capital gain of 4.75% for the past year.
Investors saw the median home price rise to $309,000.
Profits due to an upward trend in home prices in the suburb averaged 2.81% per annum over a 3-year period.
SALISBURY DOWNS now ranks at the 124th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in SALISBURY DOWNS are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $300 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SALISBURY DOWNS, homes and units usually stay on listing for an average of 60.9 days.
In 2016, 63 properties were sold in SALISBURY DOWNS during the past year, making it the 76th most active market in SA based on total real estate transactions.
SALISBURY DOWNS ranks 43rd in SA when it comes to estimated capital gains experienced by property investors over the past three years.
SALISBURY DOWNS, 5108 has a capital gain of -10.02% for the past year, which is lower than average compared to its 5.52% growth within a five-year period.
With the median home price in SALISBURY DOWNS sitting at $220,000, and the average rent at $270, property owners could potentially earn a 6.38% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that SALISBURY DOWNS, 5108 obtained a 3.38% growth over a ten-year period. It ranks 934th on our list of suburbs that property investors should look into.