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 $711,500.
The upward trend in home prices in SALISBURY EAST, 5109 averaged 16.31% per annum over a 3-year period.
Average weekly rents on listings have reached the $575 mark, reflecting a 4.2% increase in returns based on the current median price in SALISBURY EAST.
An average of 11.42 real estate transactions take place per month in SALISBURY EAST which translates to 137 per annum.
137 properties were sold in SALISBURY EAST in 2016, making it the 421st most active market in SA based on total real estate transactions.
SALISBURY EAST, 5109 places 229th 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 $480,000.
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 4.12% for the past year.
Investors saw the median home price rise to $480,000.
The upward trend in home prices in SALISBURY EAST, 5109 averaged 17.46% per annum over a 3-year period.
SALISBURY EAST now ranks at the 132nd 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 $480 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 37.8 days.
25 properties were sold in SALISBURY EAST in 2016, making it the 56th most active market in SA based on total real estate transactions.