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POSTAL CODE: SA, 5093

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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 $385,250.

The upward trend in home prices in PARA VISTA, 5093 averaged 4.44% per annum over a 3-year period.

Average weekly rents on listings have reached the $350 mark, reflecting a 4.72% increase in returns based on the current median price in PARA VISTA.

An average of 4.17 real estate transactions take place per month in PARA VISTA which translates to 50 per annum.

50 properties were sold in PARA VISTA in 2016, making it the 128th most active market in SA based on total real estate transactions.

PARA VISTA, 5093 places 255th in Australia based on median property value growth during the quarter.

Data report can be found below

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KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $385,250 N/A
GROWTH REPORT
Median Quarterly 0.06% N/A
Median 12 month 7.16% N/A
Median 3 years 13.31% N/A
Median 5 years 16.04% N/A
10 years average annual 2.31% N/A
Weekly media advert. rent $350 N/A
Time on Market 42.8 days N/A
Gross Rental Yield Percent 4.72% N/A
demographics (median values)*
Total Population
9012
Weekly Household Income
1171
Household Size
2.50
Age
40
Monthly Loan Repayment
1430
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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