Paralowie is in the bottom 40% in SA when comparing median price capital growth over the last year. Paralowie gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.
Comparing Paralowie,5108 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Paralowie, 5108 is offering SA ‘s 41th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this SA.
On average over the past year, suburb has had 18.92 sales per month, which equates to 227 per year.
Paralowie is 73th on a list of best yielding suburbs for rents in SA with a 5.55% return
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.