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l “The long, dry patch in terms of growth seems to be about to end” for Marden, according to Michael Fuller. He says the suburb recently experienced “a perfect auction clearance rate” as well as “very high rental growth over the past 12 months and a large number of people showing interest in the market compared to the number of properties available” – which all points towards imminent capital growth.
HOUSES
UNITS
Median price
$275,000
$200,000
Growth rate
3%
7%
Weekly rent
$290
$228
Rental yield
5.5%
5.9%
Days on market
82
120
Vacancy rate
1.3%
1.3%
Population
7,447
Household income
$785
l Low land supply is set to drive prices higher in this northern suburb of Adelaide, according to Margaret Lomas. Salisbury also has strong rental yields, and investors could secure themselves solid returns if they buy in the mid-$200,000s, she says. Ongoing gentrification in the area will also boost its appeal and property prices.
