Investment property in Paradise has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.45%
If we look at median property appreciation over just the last three months, Paradise has given property investors a paper return of -1.17%. This puts Suburb as 313 on a list of fastest fasting appreciating suburbs in SA
Property investors looking for a bargain in Paradise should be aiming for at least -5.64% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 100 properties changed hands in Paradise, which puts it as the 49th most active market in SA when comparing the number of sales per suburb.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.81%, without taking into account capital value appreciation, which has been averaging out at 5.44%.
Over the last year, property investments in Paradise, 5075 have given investors a capital gain of 18.58%. This compares very favourably with the 3.64% for SA as a whole.
Taking the average capital gain, or increase in median house value, Paradise,5075 has racked up an average of 18.58% over the period. This ranks it number 1274th in the whole country for real estate investors looking at median house price increases.
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 -5.27% is being offered, which puts this SA suburb at 689th most discounted overall in Australia.
In the last year 19 properties changed hands in Paradise, which puts it as the 107th most active market in SA when comparing the number of sales per suburb.
Paradise, 5075’s gross rental yield is 4.50%