Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
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 $330,000.
The upward trend in home prices in SALISBURY EAST, 5109 averaged 2.73% per annum over a 3-year period.
Average weekly rents on listings have reached the $330 mark, reflecting a 5.2% increase in returns based on the current median price in SALISBURY EAST.
An average of 8.33 real estate transactions take place per month in SALISBURY EAST which translates to 100 per annum.
100 properties were sold in SALISBURY EAST in 2016, making it the 463rd most active market in SA based on total real estate transactions.
SALISBURY EAST, 5109 places 150th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.76%||-8.79%|
|Median 3 years||8.2%||-16.74%|
|Median 5 years||13.79%||-13.57%|
|10 years average annual||1.35%||-2.25%|
|Weekly media advert. rent||$330||$250|
|Time on Market||49.5 days||111.0 days|
|Gross Rental Yield Percent||5.2%||7.16%|
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