Suburb Profile Report for Paradise SA (5075)

Paradise House: Median price $505,000, Annual capital growth 5.52%, Number of sales 97, Weekly median advertised rent $360

Paradise Unit: Median price $335,000, Annual capital growth 6.76%, Number of sales 22, Weekly median advertised rent $298

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

Source: CoreLogic

  • House Report
  • Unit Report

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 9.07%.

If we look at median property appreciation over just the last three months, Paradise has given property investors a paper return of 2.28%. This puts Suburb as 131 on a list of fastest fasting appreciating suburbs in SA

Vendor discounting in Paradise is giving property investors an average Vendor Discount of around -5.37%. This puts suburb at number 258th in SA when ranking the most discounted suburbs.

Advertised rents are around the $360 mark per week – giving a return of 3.71% based on the median price in Suburb

Paradise, 5075 ranked 23th in SA when comparing growth in median property values or capital gain over the last 12 months. Paradise is one of 853 in our list for SA

A 7.54% growth in median value for property investors in Paradise,5075 puts this suburb at number 42th in terms of best performing suburbs in SA

Sellers are offering property buyers an average discount of -4.79% to buyers in Paradise at the moment, which is less than average for the rest of SA.

HOUSE UNIT
$505,000 $335,000
2.28% 4.69%
9.07% 19.64%
5.52% 6.76%
$360 $298
97 22
3.71% 4.62%
79.38 63.12

Source: CoreLogic

DSR Score for property investment : Good (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
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Recent sales & rentals