At number 3963th in the list of Australian suburbs ordered by increase in median house value over the last year, Paringa, 5340 is in the BOTTOM 10% with a property value increase of -12.73% recorded in median house prices.
Over the longer term, Paringa has seen property prices show investors a -10.18% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Paringa is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 77th in terms of most discounted suburbs in SA
Paringa, 5340’s gross rental yield is 6.64%