At number 2389th in the list of Australian suburbs ordered by increase in median house value over the last year, Paringa, 5340 is in the BOTTOM 50% with a property value increase of 3.57% recorded in median house prices.
Over the longer term, Paringa has seen property prices show investors a -10.12% return over the last 3 years. This is an improvement over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Paringa, 5340. Typically our figures indicate that -7.40% is being offered, which puts this SA suburb at 1010th most discounted overall in Australia.
Using the current median advertised rental of $220 and the average annual increase in value of a median property of 3.46%, investors should hope to achieve an overall return of 5.26%