Suburb Profile Report for Paradise SA (5075)

Paradise House: Median price $510,000, Annual capital growth 5.56%, Number of sales 101, Weekly median advertised rent $370

Paradise Unit: Median price $343,325, Annual capital growth 7.05%, Number of sales 18, Weekly median advertised rent $288

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

Source: CoreLogic

  • House Report
  • Unit Report

Paradise has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 6.25% to date .

A 25.31% growth in median value for property investors in Paradise,5075 puts this suburb at number 198th in terms of best performing suburbs in SA

Sellers are offering property buyers an average discount of -5.63% to buyers in Paradise at the moment, which is less than average for the rest of SA.

Advertised rents are around the $370 mark per week – giving a return of 3.77% based on the median price in Suburb

Giving property investors a a solid capital gain of 12.57% for the last year, Paradise, 5075 is the 297th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Paradise,5075 has racked up an average of 12.57% over the period. This ranks it number 1173th in the whole country for real estate investors looking at median house price increases.

At number 136th of SA’s most discounted properties, Paradise is in the TOP 20% of the state/territory when listing in order of most discounted to least.

In the last year 18 properties changed hands in Paradise, which puts it as the 114th most active market in SA when comparing the number of sales per suburb.

Using the current median advertised rental of $287.5 and the average annual increase in value of a median property of 7.05%, investors should hope to achieve an overall return of 4.35%

Metrics i HOUSE UNIT
$510,000 $343,325
0.99% 2.49%
6.25% 12.57%
5.56% 7.05%
$370 $288
101 18
3.77% 4.35%
91.78 64.76

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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
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Recent sales & rentals