Paradise is an average performer in SA when comparing median price capital growth over the last year. Paradise gave property investors a average capital gain figure when compared to the rest of the state, with 3.96%.
The five-year average increase in median property values for Paradise,5075 has given property investors a potential capital gain of 28.05% across each of those five years.
Property buyers and investors in Paradise 5075 should be seeing an average reduction in asking price of around -6.18% . This means that Paradise is holding prices well when compared to other suburbs in SA.
The SA suburb of Paradise, 5075 is in the Campbelltown local government area.
At number 71th in the list of Australian suburbs ordered by increase in median house value over the last year, Paradise, 5075 is in the top 10% with a property value increase of 26.42% recorded in median house prices.
A 54.00% growth in median value for property investors in Paradise,5075 puts this suburb at number 65th in terms of best performing suburbs in SA
Home to the Thorndon Park Reserve that may contribute to its name, Paradise certainly seems to be just that for many interested buyers.Full summary
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Riverside suburb lives up to its moniker
Median unit price: $335,000
Three-year growth: 3.08%
Rental yield: 4.50%
Home to the Thorndon Park Reserve that may contribute to its name, Paradise certainly seems to be just that for many interested buyers.
Apartments in this suburb are reasonably priced, with a median value of $335,000. Despite slower growth over recent years, its growth has peaked at over 18% in the past 12 months, even though it stumbled slightly over the March 2017 quarter. The average annual growth rate remains high at nearly 7%, which may suggest Paradise’s ability to hold on through an expected decline in South Australia.
Paradise is bounded in the north by the River Torrens, and while the suburb is primarily residential at present, it provides the advantages of having schools nearby, including several primary and secondary institutions. Buses can also bring commuters to Adelaide in under an hour.Close