Suburb Profile Report for Paringa SA (5340)

Paringa House: Median price $217,500, Annual capital growth 5.54%, Number of sales 31, Weekly median advertised rent $210

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Paringa, 5340 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.16%

Taking the average capital gain, or increase in median house value, Paringa,5340 has racked up an average of 1.16% over the period. This ranks it number 3358th in the whole country for real estate investors looking at median house price increases.

Paringa5340 is located in SA which offers an average discount of -6.54% to property investors. Paringa itself is showing figures that indicate -6.88% is the average achievable by property buyers investing in the suburb.

A $210 per week rent on the median house gives suburb investors a gross yield of circa 5.02%, without taking into account capital value appreciation, which has been averaging out at 5.54%.

HOUSE UNIT
$217,500 N/A
-3.55% N/A
1.16% N/A
5.54% N/A
$210 N/A
31 N/A
5.02% N/A
103.42 N/A

Source: CoreLogic

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