Suburb Profile Report for Parafield Gardens SA (5107)

Parafield Gardens House: Median price $308,750, Annual capital growth 3.82%, Number of sales 261, Weekly median advertised rent $315

Parafield Gardens Unit: Median price $236,000, Annual capital growth 5.33%, Number of sales 16, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 2.07% for the last 12 months, Parafield Gardens, 5107 has performed for property investments than its average annual 3.82% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Parafield Gardens has given property investors a paper return of 2.92%. This puts Suburb as 119 on a list of fastest fasting appreciating suburbs in SA

Property investors looking for a bargain in Parafield Gardens should be aiming for at least -5.75% off the asking price, which is the average vendor discount being achieved at the moment.

Parafield Gardens is 72th on a list of best yielding suburbs for rents in SA with a 5.31% 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 -8.70%.

Vendor discounting in Parafield Gardens is giving property investors an average Vendor Discount of around -4.63%. This puts suburb at number 132th in SA when ranking the most discounted suburbs.

Advertised rents are around the $275 mark per week – giving a return of 6.06% based on the median price in Suburb

Metrics i HOUSE UNIT
$308,750 $236,000
2.92% N/A
2.07% -8.70%
3.82% 5.33%
$315 $275
261 16
5.31% 6.06%
67.61 83.93

Source: CoreLogic

DSR Score for property investment : Very 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