Suburb Profile Report for Paringa SA (5340)

Paringa House: Median price $212,500, Annual capital growth 2.90%, Number of sales 27, Weekly median advertised rent $245

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

Source: CoreLogic

  • House Report

Investment property in Paringa has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.16%

Paringa,5340 was ranked 60 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -7.09% to buyers in Paringa at the moment, which is less than average for the rest of SA.

Advertised rents are around the $245 mark per week – giving a return of 6.00% based on the median price in Suburb

Metrics i HOUSE UNIT
$212,500 N/A
16.44% N/A
-1.16% N/A
2.90% N/A
$245 N/A
27 N/A
6.00% N/A
146.91 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Paringa SA
Demographics
Total population 915
Median household income ($/weekly) 888
Median age of persons 42
Median housing loan repayment ($/monthly) 1083
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 96 10.5
    25-34 years 93 10.2
    35-44 years 129 14.1
    45-54 years 140 15.3
    55-64 years 141 15.4
    Others 316 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 380 58.2
    Not Married 213 32.6
    Defacto Relationship 60 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 779 90.6
    Japan 8 0.9
    Papua New Guinea 6 0.7
    United Kingdom 42 4.9
    Other 7 0.8
    Others 18 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 3 0.4
    Christianity 529 63.9
    Islam 6 0.7
    Other Religious Groups 8 1.0
    No Religion 279 33.7
    Others 3 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 32 9.7
    $400-$599 49 14.8
    $600-$799 50 15.1
    $800-$999 42 12.7
    $1,250-$1,499 44 13.3
    Others 114 34.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 265 37.8
    Not in the labour force 259 36.9
    Employed, worked part-time 137 19.5
    Employed, away from work 23 3.3
    Unemployed, looking for work 17 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 55 12.8
    Professionals 52 12.1
    Technicians & trades workers 54 12.6
    Clerical & administrative workers 53 12.4
    Labourers 85 19.8
    Others 130 30.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 72 48.6
    Secondary 42 28.4
    Pre-school 13 8.8
    Technical or Further Educational Institution 13 8.8
    University or other Tertiary Institutions 8 5.4
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 832 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 149 42.3
    Fully owned 128 36.4
    Rented 72 20.5
    Other tenure type 3 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals