Suburb Profile Report for Parkside SA (5063)

Parkside House: Median price $860,000, Annual capital growth 5.31%, Number of sales 67, Weekly median advertised rent $560

Parkside Unit: Median price $535,000, Annual capital growth 4.10%, Number of sales 55, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$860,000 $535,000
0.00% 7.85%
5.78% -5.31%
5.31% 4.10%
$560 $390
67 55
3.39% 3.79%
51.95 68.77

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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Recent sales & rentals