Parkside

POSTAL CODE: SA, 5063

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains PARKSIDE, 5063 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that PARKSIDE, 5063 obtained a 6.82% growth over a ten-year period. It ranks 2076th on our list of suburbs that property investors should look into.

PARKSIDE, 5063 in SA belongs to the local government area of Unley.

PARKSIDE, 5063 has a capital gain of 11.48% for the past year, which is lower than average compared to its 63.59% growth within a five-year period.

With the median home price in PARKSIDE sitting at $1,505,000, and the average rent at $697.5, property owners could potentially earn a 2.41% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PARKSIDE are low, as opposed to average gains per annum over the past five years.

Homeowners and real estate investors betting on PARKSIDE, 5063 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 24.58%.

A steady increase in median property prices over a five-year period in PARKSIDE, 5063 translates to a 31.56% capital gain.

Property investors enjoyed capital gains of 24.58% over the last 12 months in PARKSIDE, translating to lower returns compared with its peers in SA.

PARKSIDE, 5063 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $816,000.

Profits due to an upward trend in home prices in PARKSIDE, 5063 averaged 10.52% per annum over a 3-year period.

Home owners selling their properties and realtors in PARKSIDE usually have to wait an average of 67.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $590 mark, reflecting a 3.76% increase in returns based on the current median price in PARKSIDE.

PARKSIDE, 5063 places 22nd in Australia based on median property value growth during the quarter.

Surburb overview

Parkside is a vibrant and historic suburb located just 3 kilometres southeast of Adelaide’s central business district. It falls under the City of Unley and enjoys excellent access to the city via Greenhill Road and Unley Road. Public transport options are plentiful, with several bus routes providing a quick and convenient commute to the CBD and surrounding areas.

The suburb has a population of around 4,800 residents, with a diverse demographic that includes professionals, families, and retirees. Parkside is known for its mix of charming, character-filled cottages and modern homes, making it a desirable residential area. The suburb’s tree-lined streets and well-maintained properties contribute to its reputation as one of Adelaide’s sought-after inner suburbs.

Residents in Parkside have access to a wide range of essential services. The nearby Unley Shopping Centre offers a variety of retail stores, supermarkets, and cafes, while the bustling Unley Road features numerous boutiques, restaurants, and specialty shops. Healthcare services are easily accessible, with medical clinics in the area and the Royal Adelaide Hospital located nearby.

Recreational opportunities in Parkside are abundant, with several parks and green spaces providing options for outdoor activities. Howard Florey Reserve and Leicester Street Playground are popular among families, while the nearby Adelaide Parklands offer walking trails, sports fields, and picnic spots. Parkside is also close to the cultural attractions of Adelaide, including the Art Gallery of South Australia, Adelaide Botanic Garden, and Adelaide Oval, all just a short drive or bus ride away.

For families, Parkside offers access to quality educational institutions, including Parkside Primary School and nearby private schools such as Pulteney Grammar School and St Raphael’s School. The suburb’s combination of proximity to the city, access to amenities, and recreational spaces makes Parkside an attractive option for a wide range of residents seeking an urban lifestyle with a suburban feel.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,505,000	$816,000
Growth Report
Median Quarterly	0.33%	9.75%
Median 12 month	11.48%	24.58%
Median 3 years	20.4%	31.56%
Median 5 years	63.59%	30.56%
10 years average annual	6.82%	8.79%
Weekly media advert. rent	$698	$590
Time on Market	43.5 days	67.2 days
Gross Rental Yield Percent	2.41%	3.76%

Demographics (Median Values)*

Total Population 12308

Weekly Household Income 1579

Household Size 2.30

Average Age 40

Monthly Loan Repayment 1937

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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