If you compare the increase in value of investment property in Parkside, 5063 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -5.25%.
Comparing Parkside,5063 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Parkside should be aiming for at least -1.44% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Parkside have been waiting around 43.66 days to sell a property.
Parkside is 310th on a list of best yielding suburbs for rents in SA with a 3.52% return
Parkside has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 29.66% to date .
Parkside,5063 was ranked 1173 in Australia by increase in median property value over the quarter.
Property buyers and investors in Parkside 5063 should be seeing an average reduction in asking price of around -5.86% . This means that Parkside is holding prices well when compared to other suburbs in SA.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.41%, without taking into account capital value appreciation, which has been averaging out at 7.15%.