How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
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 $345,000.
The upward trend in home prices in SALISBURY EAST, 5109 averaged 4.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 4.82% increase in returns based on the current median price in SALISBURY EAST.
An average of 7.75 real estate transactions take place per month in SALISBURY EAST which translates to 93 per annum.
93 properties were sold in SALISBURY EAST in 2016, making it the 7th most active market in SA based on total real estate transactions.
SALISBURY EAST, 5109 places 94th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.15%||2.22%|
|Median 3 years||12.2%||-5.48%|
|Median 5 years||14.81%||-1.43%|
|10 years average annual||1.99%||-2.35%|
|Weekly media advert. rent||$320||$250|
|Time on Market||44.2 days||91.6 days|
|Gross Rental Yield Percent||4.82%||6.28%|