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Property investors have seen a 1.34% 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 $340,000
Profits averaged 3.83% 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 $320 based on current median home prices for the suburb.
The gross rental yield in PARAFIELD GARDENS, 5107 is 4.89%.
An average of 19.67 real estate transactions take place per month in PARAFIELD GARDENS which translates to 236 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $340,000 | $255,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.34% | 10.87% |
| Median 12 month | 4.62% | 10.87% |
| Median 3 years | 11.48% | 0% |
| Median 5 years | 21.86% | 26.55% |
| 10 years average annual | 3.25% | 0.68% |
| Weekly media advert. rent | $320 | $270 |
| Time on Market | 48.4 days | 67.8 days |
| Gross Rental Yield Percent | 4.89% | 5.51% |
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