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%.