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Parafield GardensParafield Gardens - SUBURB PROFILE REPORT
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Property investors have seen a 4.09% gain in PARAFIELD GARDENS based on an increase in median home prices for the past three months.
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 $362,750
Profits averaged 2.76% 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 $350 based on current median home prices for the suburb.
The gross rental yield in PARAFIELD GARDENS, 5107 is 5.02%.
An average of 15.67 real estate transactions take place per month in PARAFIELD GARDENS which translates to 188 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $362,750 | $280,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.09% | -3.78% |
| Median 12 month | 8.28% | -4.6% |
| Median 3 years | 8.28% | N/A |
| Median 5 years | 18.93% | 2.75% |
| 10 years average annual | 2.15% | -4.6% |
| Weekly media advert. rent | $350 | $285 |
| Time on Market | 62.3 days | 0.0 days |
| Gross Rental Yield Percent | 5.02% | 5.29% |
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