Over the last year, property investments in Parkside, 5063 have given investors a capital gain of 5.78%. This compares favourably with the 4.16% for SA as a whole.
If we look at median property appreciation over just the last three months, Parkside has given property investors a paper return of 0.00%. This puts Suburb as 247 on a list of fastest fasting appreciating suburbs in SA
Property buyers and investors in Parkside 5063 should be seeing an average reduction in asking price of around -2.11% . This means that Parkside is holding prices well when compared to other suburbs in SA.
A $560 per week rent on the median house gives suburb investors a gross yield of circa 3.39%, without taking into account capital value appreciation, which has been averaging out at 5.31%.
If you compare the increase in value of investment property in Parkside, 5063 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -5.31%.
Comparing Parkside,5063 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.23% offered to property buyers. Sellers in Parkside itself are offering an average vendor discount of -4.83% to real estate investors.
In the last year 55 properties changed hands in Parkside, which puts it as the 27th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 4.10%, investors should hope to achieve an overall return of 3.79%