Salisbury at a glance
9,198
People
$810,000
Median sale
$551/wk
Median rent
3.54%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
SA › Salisbury › Festival Ct
$400,000–$440,000
For sale
Asking range
2
Bedrooms
1
Bathrooms
1
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$400,000–$440,000
Asking range
No recorded sale for this property.
Salisbury at a glance
9,198
People
$810,000
Median sale
$551/wk
Median rent
3.54%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
Vs Salisbury
-50.6%
Median sale
Suburb $810,000
+3.62 pp
Gross yield
Suburb 3.54%
Suburb median $810,000 from 38 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$24,058 on top of the price (6.0% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Salisbury's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
SAPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $551/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 7.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Salisbury at a glance
9,198
People
$810,000
Median sale
$551/wk
Median rent
3.54%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White NorwoodEssential viewing for investors, this 2-bedroom upper-floor unit has been extensively refreshed with a comprehensive suite of upgrades completed within the past 6 months, adding standout modern appeal to a list of credentials headlined by its proximity to Parabanks Shopping Centre, the train station, and open green spaces to stretch your legs!
Currently rented and offered with a single undercover car park, the unit comprises a combined family room/meals hub, adjacent kitchen, 2 beds - the master with BIRs - and a self-contained bathroom. There's quality hybrid flooring through the kitchen and lounge, complemented by new underlay and carpet in both bedrooms, and the fully renovated bathroom showcases floor-to-ceiling tiling, new vanity, toilet, tapware, plumbing, ceiling fan and a sleek glass-enclosed shower.
Additional improvements throughout include freshly painted walls, ceilings and timberwork, along with new downlights, light switches and power points, ensuring a modern and move-in-ready finish from front to back.
Also upgraded is the kitchen hub, which sports brand-new benchtops, tapware, tiling and a new oven, set against its white-washed cabinetry and subway-style splashbacks. Tucked into a handy alcove is a fully upgraded laundry zone featuring new wall and floor tiling, a new trough, updated tapware and new plumbing, with space for a washing machine.
This foot-friendly location will have eternal appeal to any future renters or owner-occupiers. Walk out the door, and you can take in some fresh air in the green space across the road from the complex entry or walk 5-minutes to Pitman Park; make it 10 on foot, and you can reach Salisbury train station and have all your shopping, dining and entertainment needs met at busy Parabanks Shopping Centre.
FEATURES WE LOVE
• Tastefully refreshed 2-bed upper-floor unit with existing tenants
• Extensive upgrades throughout completed within the past 6 months
• Quality hybrid flooring, plus new carpet and underlay in bedrooms
• Fresh paint, new downlights, switches and power points throughout
• Updated kitchen with new benchtops, tiling, tapware and oven
• Fully renovated bathroom with floor-to-ceiling tiling, new vanity, toilet, tapware, plumbing, ceiling fan and shower screen
• Upgraded laundry with new tiling, trough, tapware and plumbing
• 2 carpeted beds, the larger master with BIRs
• Undercover carport parking for one vehicle onsite
LOCATION
• Plenty of open green space for active outdoor play opposite the complex
• A 5-minute stroll to Pitman Park's waterside walks & only a short drive to Salisbury Aquatic Centre & the tennis courts & dog park at Happy Home Reserve
• 10-minute walk to Parabanks/Salisbury Shopping Centres (pedestrian X-ing over Salisbury Hwy)
• Short walk to Salisbury train station for quick 25-minute trips into town
• Zoned for Salisbury Primary & Salisbury High
TENANCY
Currently tenanted on a 12-month fixed term lease agreement expiring on the 1st of December 2026 for $900 per fortnight
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
Norwood RLA 278530
Property Details:
Council | SALISBURY
Zone | GN - General Neighbourhood
House | 75sqm(Approx.)
Built | 1978
Council Rates | $1,293.70pa
Water | $176.30pq
ESL | $79.65pa
Strata | $607.14pq
Listing description written by Lukasz Jaworek, Ray White Norwood — reproduced as published, not verified by Districts.
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