Para Hills West

POSTAL CODE: SA, 5096

HOUSE

UNIT

PARA HILLS WEST, 5096 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in SA have risen as a whole, pulling PARA HILLS WEST, 5096 values up and netting property investors a capital gain of 8.63% for the past year.

Investors saw the median home price rise to $711,500.

Profits due to an upward trend in home prices in the suburb averaged 14.1% per annum over a 3-year period.

PARA HILLS WEST now ranks at the 357th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $600 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PARA HILLS WEST, homes and units usually stay on listing for an average of 37.6 days.

In 2016, 50 properties were sold in PARA HILLS WEST during the past year, making it the 126th most active market in SA based on total real estate transactions.

PARA HILLS WEST ranks 15th in SA when it comes to estimated capital gains experienced by property investors over the past three years.

PARA HILLS WEST, 5096 has a capital gain of 27.66% for the past year, which is lower than average compared to its 142.3% growth within a five-year period.

PARA HILLS WEST, 5096 ranks 128th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 27.66% for property investors last year.

With the median home price in PARA HILLS WEST sitting at $590,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

Property investors have seen a 9.97% gain in PARA HILLS WEST based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on PARA HILLS WEST, 5096 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 27.66%.

A survey of average capital gains or median home price increase in suburbs across the country shows that PARA HILLS WEST, 5096 obtained a 13.64% growth over a ten-year period. It ranks 1525th on our list of suburbs that property investors should look into.

Surburb overview

Para Hills West is a suburban area located approximately 18 kilometres north of Adelaide’s central business district. It is part of the City of Salisbury local government area and shares close proximity with neighbouring suburbs like Para Hills and Salisbury East. The suburb is well-connected to the rest of Adelaide via Main North Road and Bridge Road, and public transport is accessible with regular bus services linking residents to the city and surrounding areas.

With a population of around 2,000 residents, Para Hills West offers a quiet, family-friendly atmosphere. The suburb has a mix of housing options, including established homes and more recent developments, catering to a diverse community that includes young families, professionals, and retirees. Its relatively small size adds to its appeal as a peaceful residential area.

Para Hills West is close to a range of essential services and amenities. The nearby Para Hills Shopping Centre and Ingle Farm Shopping Centre provide convenient access to grocery stores, retail outlets, and dining options. For healthcare, residents have easy access to local clinics, and the nearby Lyell McEwin Hospital in Elizabeth offers comprehensive medical services.

The suburb has several parks and reserves, such as The Paddocks and Para Hills Oval, offering outdoor spaces for recreational activities including walking, picnics, and sports. The area is popular among families and outdoor enthusiasts, providing plenty of options for children’s play and community events. Additionally, Para Hills West is close to the Little Para River, which adds a scenic natural element to the local environment.

Families in Para Hills West benefit from nearby educational institutions, such as Para Hills High School and Para Hills Primary School, making it a convenient location for families with school-aged children. The suburb’s close-knit community, combined with its access to amenities and recreational spaces, makes Para Hills West an appealing place to live for those seeking a suburban lifestyle near Adelaide.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$711,500	$590,000
Growth Report
Median Quarterly	0.42%	9.97%
Median 12 month	8.63%	27.66%
Median 3 years	42.3%	80.15%
Median 5 years	105.04%	142.3%
10 years average annual	9.27%	13.64%
Weekly media advert. rent	$600	N/A
Time on Market	37.6 days	42.9 days
Gross Rental Yield Percent	4.39%	0%

Demographics (Median Values)*

Total Population 13387

Weekly Household Income 1214

Household Size 2.60

Average Age 37

Monthly Loan Repayment 1300

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

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