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Para Vista

POSTAL CODE: SA, 5093
HOUSE

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 $761,500.

The upward trend in home prices in PARA VISTA, 5093 averaged 12.82% per annum over a 3-year period.

Average weekly rents on listings have reached the $605 mark, reflecting a 4.13% increase in returns based on the current median price in PARA VISTA.

An average of 4.5 real estate transactions take place per month in PARA VISTA which translates to 54 per annum.

54 properties were sold in PARA VISTA in 2016, making it the 116th most active market in SA based on total real estate transactions.

PARA VISTA, 5093 places 270th in Australia based on median property value growth during the quarter.

Surburb overview

Para Vista is a northern suburb located about 15 kilometres from Adelaide’s central business district. It is part of the City of Salisbury local government area and is well-connected to the CBD and other northern suburbs via major roads such as Nelson Road and Wright Road. Public transportation is readily available, with regular bus services providing easy access to Adelaide and surrounding areas.

Para Vista has a population of approximately 2,400 residents, with a diverse community that includes families, professionals, and retirees. The suburb features a mix of older homes and more modern developments, making it an attractive option for those seeking a peaceful yet well-serviced residential area. The local streets are quiet and lined with trees, contributing to the suburb’s family-friendly atmosphere.

Essential services are available nearby, with Ingle Farm Shopping Centre offering a variety of grocery stores, retail outlets, and dining options. Para Vista is also close to Tea Tree Plaza, a major shopping and entertainment hub in the area. Healthcare needs are well-served, with local medical clinics and the Modbury Hospital, which is just a short drive away, providing comprehensive medical services.

Recreational activities in Para Vista are plentiful, with several parks and reserves nearby. Kentish Green and the nearby Dry Creek Linear Park are popular spots for walking, picnicking, and enjoying outdoor activities. These green spaces are ideal for families and individuals looking to relax and stay active in nature. The suburb also offers access to various sporting facilities, including nearby football, soccer, and tennis clubs.

Families in Para Vista have access to a range of educational options, including Para Vista Primary School and nearby private and public schools in surrounding suburbs. The area’s combination of suburban tranquillity, access to essential services, and proximity to recreational facilities makes Para Vista a desirable place for residents of all ages.

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