Paralowie, 5108 ranked 219th in SA when comparing growth in median property values or capital gain over the last 12 months. Paralowie is one of 853 in our list for SA
While Paralowie,5108 ranked number 286th in SA for increase in median house value (annualised) increase, it is ranked 280th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Paralowie is offering property investors an average of -6.50. This rate of discount on properties puts Suburb at number 150th in terms of most discounted suburbs in SA
Often selling an investment property can take time, and in Paralowie the average time real estate has been on the market is 59.1971 days.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 5.56%, without taking into account capital value appreciation, which has been averaging out at 1.12%.
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.