Suburb Profile Report for Parkside SA (5063)

Parkside House: Median price $840,000, Annual capital growth 5.84%, Number of sales 65, Weekly median advertised rent $520

Parkside Unit: Median price $521,000, Annual capital growth 5.36%, Number of sales 61, Weekly median advertised rent $375

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 1235th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkside, 5063 is in the top 30% with a property value increase of 11.78% recorded in median house prices.

Over the longer term, Parkside has seen property prices show investors a 26.89% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Parkside, 5063. Typically our figures indicate that -3.21% is being offered, which puts this SA suburb at 3423th most discounted overall in Australia.

Investment property in Parkside has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.27%

Across a shorter period, Parkside, 5063 has seen a median price increase of -4.75% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Parkside is offering property investors an average of -6.23. This rate of discount on properties puts Suburb at number 49th in terms of most discounted suburbs in SA

In the last year 61 properties changed hands in Parkside, which puts it as the 20th most active market in SA when comparing the number of sales per suburb.

Parkside, 5063’s gross rental yield is 3.74%

Metrics i HOUSE UNIT
$840,000 $521,000
10.53% -4.75%
11.78% -8.27%
5.84% 5.36%
$520 $375
65 61
3.22% 3.74%
66.87 77.8

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 4633
Median household income ($/weekly) 1425
Median age of persons 37
Median housing loan repayment ($/monthly) 1970
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 451 9.7
    25-34 years 843 18.2
    35-44 years 735 15.9
    45-54 years 609 13.1
    55-64 years 541 11.7
    Others 1454 31.4
    Age Group
    Census Count Percent(%)
    Not Married 1675 47.2
    Registered Married 1449 40.9
    Defacto Relationship 422 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3309 74.4
    Hong Kong 122 2.7
    Japan 117 2.6
    United Kingdom 254 5.7
    Other 160 3.6
    Others 484 10.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 70 1.7
    Christianity 2471 58.3
    Hinduism 41 1.0
    Islam 51 1.2
    No Religion 1569 37.0
    Others 37 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 155 8.6
    $600-$799 152 8.5
    $1,500-$1,999 217 12.1
    $2,000-$2,499 157 8.7
    $2,500-$2,999 212 11.8
    Others 902 50.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1606 42.4
    Not in the labour force 1083 28.6
    Employed, worked part-time 834 22.0
    Employed, away from work 133 3.5
    Unemployed, looking for work 132 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 379 14.8
    Professionals 1058 41.2
    Community & personal service workers 203 7.9
    Clerical & administrative workers 345 13.4
    Sales 202 7.9
    Others 381 14.8
    Occupation
    Census Count Percent(%)
    Pre-school 62 5.4
    Infants/Primary 342 29.7
    Secondary 185 16.1
    Technical or Further Educational Institution 101 8.8
    University or other Tertiary Institutions 436 37.8
    Others 26 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2785 64.8
    Semi-detached, row or terrace house, townhouse 996 23.2
    Flat, unit or apartment 518 12.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 737 38.1
    Fully owned 595 30.8
    Being purchased 585 30.3
    Other tenure type 16 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals