Property value increases in Parafield Gardens have tracked just higher than the SA average of 3.56% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parafield Gardens has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.57% to buyers in Parafield Gardens at the moment, which is less than average for the rest of SA.
Using the current median advertised rental of $315 and the average annual increase in value of a median property of 4.19%, investors should hope to achieve an overall return of 5.04%
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 -7.13%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parafield Gardens has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Parafield Gardens are currently offering property investors an average price cut of -5.73% below the asking price at the moment.
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 4.40%.