SA has seen average median house prices change by 3.22% which means that Parafield Gardens, 5107 has done well for property investors by showing a capital gain of 5.67% over the last year
If we look at median property appreciation over just the last three months, Parafield Gardens has given property investors a paper return of 2.26%. This puts Suburb as 144 on a list of fastest fasting appreciating suburbs in SA
Parafield Gardens5107 is located in SA which offers an average discount of -6.34% to property investors. Parafield Gardens itself is showing figures that indicate -5.53% is the average achievable by property buyers investing in the suburb.
In the last year 241 properties changed hands in Parafield Gardens, which puts it as the 8th most active market in SA when comparing the number of sales per suburb.
Situated 15.88km from the CBD, Parafield Gardens is one of Salisbury localities in the postcode 5107.
Over the last year, property investments in Parafield Gardens, 5107 have given investors a capital gain of -7.13%. This compares very badly with the 3.99% for SA as a whole.
Over the longer term, Parafield Gardens has seen property prices show investors a 6.57% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -6.06% to buyers in Parafield Gardens at the moment, which is less than average for the rest of SA.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 6.30%, without taking into account capital value appreciation, which has been averaging out at 4.47%.