Suburb Profile Report for Paradise SA (5075)

Paradise House: Median price $505,000, Annual capital growth 4.93%, Number of sales 98, Weekly median advertised rent $370

Paradise Unit: Median price $352,500, Annual capital growth 5.67%, Number of sales 20, Weekly median advertised rent $290

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$505,000 $352,500
-0.59% 3.18%
5.21% 11.46%
4.93% 5.67%
$370 $290
98 20
3.81% 4.28%
82.89 48.92

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 6557
Median household income ($/weekly) 1015
Median age of persons 41
Median housing loan repayment ($/monthly) 1408
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 710 10.8
    25-34 years 783 11.9
    35-44 years 865 13.2
    45-54 years 869 13.3
    55-64 years 748 11.4
    Others 2583 39.4
    Age Group
    Census Count Percent(%)
    Registered Married 2606 52.2
    Not Married 2108 42.2
    Defacto Relationship 282 5.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4315 68.2
    Indonesia 156 2.5
    Japan 487 7.7
    United Kingdom 292 4.6
    Other 321 5.1
    Others 754 11.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 100 1.6
    Christianity 4567 75.0
    Hinduism 89 1.5
    Islam 94 1.5
    No Religion 1143 18.8
    Others 98 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 308 13.5
    $600-$799 228 10.0
    $800-$999 242 10.6
    $1,000-$1,249 211 9.3
    $1,500-$1,999 262 11.5
    Others 1026 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2150 40.6
    Employed, worked full-time 1756 33.1
    Employed, worked part-time 1045 19.7
    Employed, away from work 180 3.4
    Unemployed, looking for work 167 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 304 10.2
    Professionals 572 19.2
    Technicians & trades workers 458 15.4
    Clerical & administrative workers 531 17.8
    Sales 343 11.5
    Others 775 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 70 4.7
    Infants/Primary 513 34.8
    Secondary 376 25.5
    Technical or Further Educational Institution 133 9.0
    University or other Tertiary Institutions 329 22.3
    Others 54 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5181 84.9
    Semi-detached, row or terrace house, townhouse 506 8.3
    Flat, unit or apartment 418 6.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1003 41.5
    Being purchased 749 31.0
    Rented 624 25.8
    Other tenure type 38 1.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals