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Paralowie

POSTAL CODE: SA, 5108
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Property investors enjoyed capital gains of 12.34% over the last 12 months in PARALOWIE, translating to lower returns compared with its peers in SA.

Figures from the previous quarter show that capital gains for real estate buyers in PARALOWIE are low, as opposed to average gains per annum over the past five years.

The suburb posted a 50.74% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $570 based on current median home prices for the suburb.

On average, rents on listings have reached the $570 mark, reflecting a 4.17% increase in returns based on the current median price in PARALOWIE.

PARALOWIE, 5108 ranks 215th in SA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 68th on the list of best yielding suburbs for rental properties in SA, posting a 4.17% return.

Surburb overview

Paralowie is a northern suburb of Adelaide, located approximately 22 kilometres from the central business district. It is part of the City of Salisbury and is well-connected by major roads such as Port Wakefield Road and the Northern Expressway. Public transport services, including buses, provide easy access to the CBD and surrounding areas, making it a convenient location for commuters.

The suburb has a population of around 15,000 residents and is known for its family-friendly environment. Paralowie offers a mix of older and newer housing developments, catering to a diverse community that includes young families, professionals, and retirees. The spacious properties and quiet streets add to its appeal as a suburban residential area.

Essential services are readily available in and around Paralowie. The Paralowie Village Shopping Centre and nearby Hollywood Plaza offer a range of grocery stores, retail outlets, and dining options. Additionally, the Lyell McEwin Hospital, located nearby in Elizabeth, provides healthcare services, ensuring residents have access to medical care when needed.

Recreational options in Paralowie are plentiful, with numerous parks and green spaces throughout the suburb. The popular Fairbanks Drive Reserve and Settlers Park offer playgrounds, walking trails, and picnic areas, providing opportunities for outdoor activities and community gatherings. Sports enthusiasts can enjoy the facilities at the Paralowie Community Centre, which hosts a variety of local sports clubs and activities.

For families, Paralowie offers several educational options, including Paralowie R-12 School and Bethany Christian School, both catering to primary and secondary education. The suburb is also close to other schools in surrounding areas, making it a convenient location for families with children.

Paralowie’s combination of suburban living, access to essential services, and recreational facilities makes it an attractive option for those seeking a balanced lifestyle close to Adelaide’s northern hubs. The suburb’s continued development and community-focused atmosphere contribute to its growing popularity among residents.

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