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AREA REPORTS

Parafield Gardens

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

house
unit

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.

Data report can be found below

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%
demographics (median values)
Total Population
14586
Weekly Household Income
844.8
Household Size
2.80
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