With a capital gain of 7.94% for the last 12 months, Paradise, 5075 has performed for property investments than its average annual 5.56% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Paradise,5075 has racked up an average of 7.94% over the period. This ranks it number 1503th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Paradise is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 252th in terms of most discounted suburbs in SA
SA has seen average median house prices change by 3.81% which means that Paradise, 5075 has done well for property investors by showing a capital gain of 18.39% over the last year
If we look at median property appreciation over just the last three months, Paradise has given property investors a paper return of 2.49%. This puts Suburb as 64 on a list of fastest fasting appreciating suburbs in SA
Our latest figures would indicate that property sellers in Paradise are currently offering property investors an average price cut of -4.42% below the asking price at the moment.
With the median price for a house in Paradise being $343325 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.39%