Investment property in Parafield Gardens has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.33%
Parafield Gardens,5107 has offered an average of 8.33% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Parafield Gardens should be aiming for at least -5.42% off the asking price, which is the average vendor discount being achieved at the moment.
Parafield Gardens, 5107’s gross rental yield is 5.12%
Parafield Gardens is in the bottom 10% 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 -17.66%.
Taking the average capital gain, or increase in median house value, Parafield Gardens,5107 has racked up an average of -17.66% over the period. This ranks it number 1690th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Parafield Gardens is giving property investors an average Vendor Discount of around -5.73%. This puts suburb at number 98th in SA when ranking the most discounted suburbs.
A $275 per week rent on the median house gives suburb investors a gross yield of circa 6.49%, without taking into account capital value appreciation, which has been averaging out at 4.10%.