Property investors have seen a 0.02% 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 $335,000
Profits averaged 4.52% 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 4.97%.
An average of 18.58 real estate transactions take place per month in PARAFIELD GARDENS which translates to 223 per annum.
Property investments in PARAFIELD GARDENS did not fare well against the rest of the country last year, registering a median home price decrease of -3.16%.
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.
This means, real estate investors could earn a rental income of $275 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 49.5 days.
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 $230,000
Investors saw the median home price rise to $230,000.
PARAFIELD GARDENS ranks 28th on the list of best yielding suburbs for rental properties in SA, posting a 6.22% return.
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