Property investors who have had real estate in Paralowie, 5108 should be ok 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 1.33%
Over the longer term, Paralowie has seen property prices show investors a 8.57% 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 Paralowie is offering property investors an average of -7.77. This rate of discount on properties puts Suburb at number 59th in terms of most discounted suburbs in SA
Property investors should expect to get $320 weekly from the median priced house in this suburb.
A half hour’s drive from Adelaide, the suburb of Paralowie is mainly residential, but it is also served by many amenitiesFull summary
Information supplied by:
Supply stays steady
Median house price: $304,000
Stock on market: -1.1%
12-month growth: 1.3%
A half hour’s drive from Adelaide, the suburb of Paralowie is mainly residential, but it is also served by many amenities.
Development in the area has led to the construction of new dwellings, and a number of cafes, restaurants and shops have popped up to cater to the population’s needs. Paralowie also offers residents a wonderful community that’s ideal for families. Nonetheless, buyers do have to be careful when looking into this suburb, as there are pockets which are not entirely safe.
Supply levels in this suburb have largely remained steady in the January 2018-2019 period. With house prices on the up in this suburb, keeping stock down could help spur demand in this area, given the high average discount rate of 11.5% that sellers are having to offer and the fact that houses spend an average of 90 days on sale.Close