With a capital gain of 5.21% for the last 12 months, Paradise, 5075 has performed for property investments than its average annual 4.93% property growth over the last 5 years.
Over the longer term, Paradise has seen property prices show investors a 18.75% return over the last 3 years. This is worse than over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Paradise itself are offering an average vendor discount of -5.78% to real estate investors.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.
If you compare the increase in value of investment property in Paradise, 5075 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 11.46%.
While Paradise,5075 ranked number 53th in SA for increase in median house value (annualised) increase, it is ranked 54th over the last 5 years.
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 Paradise, 5075. Typically our figures indicate that -4.35% is being offered, which puts this SA suburb at 935th most discounted overall in Australia.
Often selling an investment property can take time, and in Paradise the average time real estate has been on the market is 48.92 days.