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Parafield Gardens
AREA REPORTS

Parafield Gardens

Parafield Gardens - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5107

house
unit

Property investors have seen a 7.82% 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 21.57%.

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 $441,000

Profits averaged 9.28% 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 $380 based on current median home prices for the suburb.

The gross rental yield in PARAFIELD GARDENS, 5107 is 4.48%.

An average of 19.92 real estate transactions take place per month in PARAFIELD GARDENS which translates to 239 per annum.

Data report can be found below

Parafield Gardens
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $441,000 $313,500
GROWTH REPORT
Median Quarterly 7.82% 9.52%
Median 12 month 21.57% 11.96%
Median 3 years 27.83% N/A
Median 5 years 42.26% N/A
10 years average annual 4.54% 3.68%
Weekly media advert. rent $380 N/A
Time on Market 49.7 days 0.0 days
Gross Rental Yield Percent 4.48% N/A
demographics (median values)*
Total Population
17097
Weekly Household Income
1142
Household Size
2.80
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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