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 $306,500.
The upward trend in home prices in SALISBURY EAST, 5109 averaged 2.26% per annum over a 3-year period.
Average weekly rents on listings have reached the $310 mark, reflecting a 5.26% increase in returns based on the current median price in SALISBURY EAST.
An average of 13.92 real estate transactions take place per month in SALISBURY EAST which translates to 167 per annum.
167 properties were sold in SALISBURY EAST in 2016, making it the 377th most active market in SA based on total real estate transactions.
SALISBURY EAST, 5109 places 141st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.61%||-11.49%|
|Median 3 years||6.79%||6.67%|
|Median 5 years||13.94%||-5.45%|
|10 years average annual||3.21%||2.35%|
|Weekly media advert. rent||$310||$257.5|
|Time on Market||55.7 days||81.8 days|
|Gross Rental Yield Percent||5.26%||6.44%|