Property investors who have had real estate in Paradise, 5075 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.99%
While Paradise,5075 ranked number 312th in SA for increase in median house value (annualised) increase, it is ranked 167th over the last 5 years.
Property investors looking for a bargain in Paradise should be aiming for at least -7.31% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 75 properties changed hands in Paradise, which puts it as the 81th most active market in SA when comparing the number of sales per suburb.
At number 1511th in the list of Australian suburbs ordered by increase in median house value over the last year, Paradise, 5075 is in the BOTTOM 10% with a property value increase of -30.26% recorded in median house prices.
The five-year average increase in median property values for Paradise,5075 has given property investors a potential capital gain of 13.90% across each of those five years.
Often selling an investment property can take time, and in Paradise the average time real estate has been on the market is 57 days.
The SA suburb of Paradise, 5075 is in the Campbelltown (C) (SA) local government area.
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Riverside suburb lives up to its moniker
Median unit price: $335,000
Three-year growth: 3.08%
Rental yield: 4.50%
Home to the Thorndon Park Reserve that may contribute to its name, Paradise certainly seems to be just that for many interested buyers.
Apartments in this suburb are reasonably priced, with a median value of $335,000. Despite slower growth over recent years, its growth has peaked at over 18% in the past 12 months, even though it stumbled slightly over the March 2017 quarter. The average annual growth rate remains high at nearly 7%, which may suggest Paradise’s ability to hold on through an expected decline in South Australia.
Paradise is bounded in the north by the River Torrens, and while the suburb is primarily residential at present, it provides the advantages of having schools nearby, including several primary and secondary institutions. Buses can also bring commuters to Adelaide in under an hour.