Suburb Profile Report for Parafield Gardens SA (5107)

Parafield Gardens House: Median price $310,000, Annual capital growth 3.85%, Number of sales 256, Weekly median advertised rent $315

Parafield Gardens Unit: Median price $234,250, Annual capital growth 4.99%, Number of sales 14, Weekly median advertised rent $268

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 4.20% for the last 12 months, Parafield Gardens, 5107 has performed for property investments than its average annual 3.85% property growth over the last 5 years.

A 8.77% growth in median value for property investors in Parafield Gardens,5107 puts this suburb at number 116th in terms of best performing suburbs in SA

Property buyers and investors in Parafield Gardens 5107 should be seeing an average reduction in asking price of around -5.69% . This means that Parafield Gardens is holding prices well when compared to other suburbs in SA.

Parafield Gardens is 73th on a list of best yielding suburbs for rents in SA with a 5.28% return

Parafield Gardens is in the bottom 20% in SA when comparing median price capital growth over the last year. Parafield Gardens gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.52%.

If we look at median property appreciation over just the last three months, Parafield Gardens has given property investors a paper return of -5.54%. This puts Suburb as 153 on a list of fastest fasting appreciating suburbs in SA

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 Parafield Gardens, 5107. Typically our figures indicate that -5.22% is being offered, which puts this SA suburb at 712th most discounted overall in Australia.

Often selling an investment property can take time, and in Parafield Gardens the average time real estate has been on the market is 87.42 days.

Metrics i HOUSE UNIT
$310,000 $234,250
2.99% -5.54%
4.20% -11.52%
3.85% 4.99%
$315 $268
256 14
5.28% 5.94%
68.68 87.42

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Parafield Gardens SA
Demographics
Total population 15318
Median household income ($/weekly) 980
Median age of persons 35
Median housing loan repayment ($/monthly) 1387
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 2005 13.1
    25-34 years 2167 14.1
    35-44 years 2052 13.4
    45-54 years 2206 14.4
    55-64 years 1698 11.1
    Others 5189 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 5366 46.9
    Not Married 5095 44.6
    Defacto Relationship 975 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 9858 67.3
    Canada 343 2.3
    United Kingdom 992 6.8
    Viet Nam 827 5.6
    Other 805 5.5
    Others 1817 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 1253 8.9
    Christianity 8203 58.5
    Hinduism 251 1.8
    Islam 428 3.1
    No Religion 3779 27.0
    Others 98 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 616 12.9
    $600-$799 566 11.9
    $800-$999 513 10.7
    $1,000-$1,249 538 11.3
    $1,500-$1,999 634 13.3
    Others 1908 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4737 40.2
    Employed, worked full-time 3992 33.9
    Employed, worked part-time 1978 16.8
    Unemployed, looking for work 570 4.8
    Employed, away from work 492 4.2
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 1042 16.1
    Community & personal service workers 714 11.1
    Clerical & administrative workers 879 13.6
    Machinery operators & drivers 775 12.0
    Labourers 1173 18.2
    Others 1877 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 230 6.5
    Infants/Primary 1332 37.5
    Secondary 1078 30.4
    Technical or Further Educational Institution 372 10.5
    University or other Tertiary Institutions 430 12.1
    Others 109 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13779 93.3
    Semi-detached, row or terrace house, townhouse 800 5.4
    Flat, unit or apartment 174 1.2
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2325 44.8
    Rented 1418 27.4
    Fully owned 1361 26.3
    Other tenure type 80 1.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals