PARA HILLS WEST, 5096 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 $311,750.
Profits due to an upward trend in home prices in the suburb averaged 1.19% per annum over a 3-year period.
PARA HILLS WEST now ranks at the 293rd 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 $330 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 56.2 days.
In 2016, 49 properties were sold in PARA HILLS WEST during the past year, making it the 138th most active market in SA based on total real estate transactions.
PARA HILLS WEST ranks 4th 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 -7.07% for the past year, which is lower than average compared to its 1.1% growth within a five-year period.
With the median home price in PARA HILLS WEST sitting at $230,000, and the average rent at $280, property owners could potentially earn a 6.33% increase in gross rental yield.
Property investors have seen a -2.13% drop in PARA HILLS WEST based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that PARA HILLS WEST, 5096 obtained a 1.75% growth over a ten-year period. It ranks 1328th on our list of suburbs that property investors should look into.