Suburb Profile Report for Parkside SA (5063)

Parkside House: Median price $921,000, Annual capital growth 4.03%, Number of sales 67, Weekly median advertised rent $550

Parkside Unit: Median price $567,500, Annual capital growth 4.47%, Number of sales 77, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Parkside has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 8.35% to date .

Over the longer term, Parkside has seen property prices show investors a 15.01% return over the last 3 years. This is worse than over the last 12 months

At number 159th of SA’s most discounted properties, Parkside is in the TOP 20% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.

Parkside, 5063’s gross rental yield is 3.11%

Over the last year, property investments in Parkside, 5063 have given investors a capital gain of 25.83%. This compares very favourably with the 4.52% for SA as a whole.

While Parkside,5063 ranked number 128th in SA for increase in median house value (annualised) increase, it is ranked 66th over the last 5 years.

Property investors looking for a bargain in Parkside should be aiming for at least -3.92% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $390 mark per week – giving a return of 3.57% based on the median price in Suburb

Metrics i HOUSE UNIT
$921,000 $567,500
0.22% -2.99%
8.35% 25.83%
4.03% 4.47%
$550 $390
67 77
3.11% 3.57%
45.96875 59.3333333333333

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 4633
Median household income ($/weekly) 1425
Median age of persons 37
Median housing loan repayment ($/monthly) 1970
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 451 9.7
    25-34 years 843 18.2
    35-44 years 735 15.9
    45-54 years 609 13.1
    55-64 years 541 11.7
    Others 1454 31.4
    Age Group
    Census Count Percent(%)
    Not Married 1675 47.2
    Registered Married 1449 40.9
    Defacto Relationship 422 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3309 74.4
    Hong Kong 122 2.7
    Japan 117 2.6
    United Kingdom 254 5.7
    Other 160 3.6
    Others 484 10.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 70 1.7
    Christianity 2471 58.3
    Hinduism 41 1.0
    Islam 51 1.2
    No Religion 1569 37.0
    Others 37 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 155 8.6
    $600-$799 152 8.5
    $1,500-$1,999 217 12.1
    $2,000-$2,499 157 8.7
    $2,500-$2,999 212 11.8
    Others 902 50.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1606 42.4
    Not in the labour force 1083 28.6
    Employed, worked part-time 834 22.0
    Employed, away from work 133 3.5
    Unemployed, looking for work 132 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 379 14.8
    Professionals 1058 41.2
    Community & personal service workers 203 7.9
    Clerical & administrative workers 345 13.4
    Sales 202 7.9
    Others 381 14.8
    Occupation
    Census Count Percent(%)
    Pre-school 62 5.4
    Infants/Primary 342 29.7
    Secondary 185 16.1
    Technical or Further Educational Institution 101 8.8
    University or other Tertiary Institutions 436 37.8
    Others 26 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2785 64.8
    Semi-detached, row or terrace house, townhouse 996 23.2
    Flat, unit or apartment 518 12.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 737 38.1
    Fully owned 595 30.8
    Being purchased 585 30.3
    Other tenure type 16 0.8
    Tenure Type
Census 2011, ABS
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