At number 1591th in the list of Australian suburbs ordered by increase in median house value over the last year, Paradise, 5075 is in the top 40% with a property value increase of 7.34% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Paradise comes in at number 115th in SA.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.54% offered to property buyers. Sellers in Paradise itself are offering an average vendor discount of -5.00% to real estate investors.
In the last year 101 properties changed hands in Paradise, which puts it as the 54th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.45%, investors should hope to achieve an overall return of 3.69%
SA has seen average median house prices change by 4.30% which means that Paradise, 5075 has done well for property investors by showing a capital gain of 20.75% over the last year
Comparing Paradise,5075 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Paradise are currently offering property investors an average price cut of -8.14% below the asking price at the moment.
Advertised rents are around the $302.5 mark per week – giving a return of 4.92% based on the median price in Suburb