Suburb Profile Report for Parafield Gardens SA (5107)

Parafield Gardens House: Median price $317,000, Annual capital growth 4.12%, Number of sales 241, Weekly median advertised rent $315

Parafield Gardens Unit: Median price $231,250, Annual capital growth 4.47%, Number of sales 14, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$317,000 $231,250
2.26% -2.01%
5.67% -7.13%
4.12% 4.47%
$315 $280
241 14
5.17% 6.30%
71.01 87.14

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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
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