Homeowners and real estate investors betting on PARINGA, 5340 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 15.15%.
A steady increase in median property prices over a five-year period in the suburb translates to a 47.94% capital gain.
Property investors in PARINGA enjoyed capital gains of 15.15% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $467,500.
Profits due to an upward trend in home prices there averaged 15.98% per annum over a 3-year period.
Home owners selling their properties and realtors in PARINGA usually have to wait an average of N/A days before their assets are lifted off the market.
Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in PARINGA.
PARINGA, 5340 places 431st in Australia based on median property value growth during the quarter.