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%