Elizabeth North has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -12.85% to date .
Taking the average capital gain, or increase in median house value, Elizabeth North,5113 has racked up an average of -12.85% over the period. This ranks it number 3598th in the whole country for real estate investors looking at median house price increases.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Elizabeth North itself are offering an average vendor discount of -7.26% to real estate investors.
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In the cluster of suburbs in northern Adelaide, including Elizabeth, Elizabeth North, Elizabeth Downs and Davoren Park, apartments are prevalent. In fact, ABS figures show than more than half of the suburb of Elizabeth North is comprised of medium density housing.
With a median value of $186,000 and an average annual growth of 3.58%, the apartment market has performed moderately in the recent past.
Here, residents have access to the local school, Elizabeth North Primary, along with the Munno Para Shopping City and Elizabeth Shopping centre. Public transport is also available.