Parafield Gardens

POSTAL CODE: SA, 5107

HOUSE

UNIT

Property investors have seen a 2.36% gain in PARAFIELD GARDENS based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on PARAFIELD GARDENS, 5107 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 11.6%.

Based on its average 5-year and quarterly capital gains PARAFIELD GARDENS, 5107 saw average growth in the long term.

The SA 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 $760,000

Profits averaged 14.33% per annum over a 3-year period, due to an upward trend in home prices in PARAFIELD GARDENS, 5107.

This means, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

The gross rental yield in PARAFIELD GARDENS, 5107 is 4.11%.

An average of 18.83 real estate transactions take place per month in PARAFIELD GARDENS which translates to 226 per annum.

Property investments in PARAFIELD GARDENS fare well against the rest of the country last year, registering a median home price increase of 0%.

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

Based on its average 5-year and quarterly capital gains PARAFIELD GARDENS, 5107 saw average growth in the long term.

This means, real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In PARAFIELD GARDENS, homes and units usually stay on listing for an average of N/A.

the SA 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 $679,000

Investors saw the median home price rise to $679,000.

PARAFIELD GARDENS ranks 169th on the list of best yielding suburbs for rental properties in SA, posting a N/A return.

Surburb overview

Parafield Gardens is a large, well-established suburb located approximately 20 kilometres north of Adelaide's central business district. It falls within the City of Salisbury and is conveniently positioned near major roads such as Salisbury Highway and Port Wakefield Road. Public transport options are abundant, with regular bus services and the Parafield Gardens Railway Station providing easy access to the Adelaide CBD and surrounding suburbs.

The suburb is home to a population of about 15,000 residents and is known for its family-friendly atmosphere. The community is diverse, with a mix of young families, professionals, and retirees. Housing in Parafield Gardens varies from older homes to modern developments, offering a range of living options that cater to different preferences and lifestyles.

Parafield Gardens is well-serviced by essential amenities. The Parafield Plaza and nearby Hollywood Plaza Shopping Centre offer grocery stores, retail outlets, and dining options, ensuring residents have convenient access to everyday needs. Medical services are also available within the suburb, with several local medical clinics and the Lyell McEwin Hospital located nearby in Elizabeth for more comprehensive healthcare.

Recreational activities are a significant draw for residents, with numerous parks and reserves spread throughout the suburb. The Baltimore Reserve and Parafield Gardens Oval are popular spots for outdoor activities, including picnics, sports, and family gatherings. The suburb also offers a range of sports clubs and facilities, encouraging an active and social community. For those interested in aviation, the nearby Parafield Airport offers aviation-related activities and services.

Families benefit from several educational options in Parafield Gardens, including Parafield Gardens Primary School, Parafield Gardens High School, and other nearby schools such as The Pines School. The range of schooling options, combined with easy access to parks, shopping, and transport links, makes Parafield Gardens an attractive and practical suburb for a wide range of residents seeking a suburban lifestyle close to the city.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$760,000	$679,000
Growth Report
Median Quarterly	2.36%	-1.45%
Median 12 month	11.6%	0%
Median 3 years	43.4%	0%
Median 5 years	111.11%	142.5%
10 years average annual	10.05%	8.66%
Weekly media advert. rent	$600	N/A
Time on Market	47.6 days	N/A
Gross Rental Yield Percent	4.11%	0%

Demographics (Median Values)*

Total Population 17097

Weekly Household Income 1142

Household Size 2.80

Average Age 35

Monthly Loan Repayment 1387

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

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