Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $795,000.
The upward trend in home prices in SALISBURY EAST, 5109 averaged 21.31% per annum over a 3-year period.
Average weekly rents on listings have reached the $590 mark, reflecting a 3.86% increase in returns based on the current median price in SALISBURY EAST.
An average of 10.92 real estate transactions take place per month in SALISBURY EAST which translates to 131 per annum.
131 properties were sold in SALISBURY EAST in 2016, making it the 425th most active market in SA based on total real estate transactions.
SALISBURY EAST, 5109 places 107th in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $527,000.
Average median unit prices in SA have risen as a whole, pulling SALISBURY EAST, 5109 values up and netting property investors a capital gain of 13.82% for the past year.
Investors saw the median home price rise to $527,000.
The upward trend in home prices in SALISBURY EAST, 5109 averaged 21.56% per annum over a 3-year period.
SALISBURY EAST now ranks at the 26th 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 EAST are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $475 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In SALISBURY EAST, homes and units usually stay on listing for an average of 29.6 days.
19 properties were sold in SALISBURY EAST in 2016, making it the 80th most active market in SA based on total real estate transactions.