Suburb Profile Report for Paradise SA (5075)

Paradise House: Median price $530,000, Annual capital growth 3.85%, Number of sales 98, Weekly median advertised rent $380

Paradise Unit: Median price $403,750, Annual capital growth -0.56%, Number of sales 12, Weekly median advertised rent $290

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

Investment property in Paradise has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.95%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Paradise has increased when compared to the 5 year average annual rate.

Vendor discounting in Paradise is giving property investors an average Vendor Discount of around -6.23%. This puts suburb at number 131th in SA when ranking the most discounted suburbs.

Paradise is 294th on a list of best yielding suburbs for rents in SA with a 3.73% return

With the median price for a house in Paradise being $403750 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 3.73%

Information supplied by:


June 2017

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Home to the Thorndon Park Reserve that may contribute to its name, Paradise certainly seems to be just that for many interested buyers.Full summary

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.

Close
Metrics i HOUSE UNIT
$530,000 $403,750
-0.93% N/A
0.95% N/A
3.85% -0.56%
$380 $290
98 12
3.73% 3.73%
72.47 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 6557
Median household income ($/weekly) 1015
Median age of persons 41
Median housing loan repayment ($/monthly) 1408
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 710 10.8
    25-34 years 783 11.9
    35-44 years 865 13.2
    45-54 years 869 13.3
    55-64 years 748 11.4
    Others 2583 39.4
    Age Group
    Census Count Percent(%)
    Registered Married 2606 52.2
    Not Married 2108 42.2
    Defacto Relationship 282 5.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4315 68.2
    Indonesia 156 2.5
    Japan 487 7.7
    United Kingdom 292 4.6
    Other 321 5.1
    Others 754 11.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 100 1.6
    Christianity 4567 75.0
    Hinduism 89 1.5
    Islam 94 1.5
    No Religion 1143 18.8
    Others 98 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 308 13.5
    $600-$799 228 10.0
    $800-$999 242 10.6
    $1,000-$1,249 211 9.3
    $1,500-$1,999 262 11.5
    Others 1026 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2150 40.6
    Employed, worked full-time 1756 33.1
    Employed, worked part-time 1045 19.7
    Employed, away from work 180 3.4
    Unemployed, looking for work 167 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 304 10.2
    Professionals 572 19.2
    Technicians & trades workers 458 15.4
    Clerical & administrative workers 531 17.8
    Sales 343 11.5
    Others 775 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 70 4.7
    Infants/Primary 513 34.8
    Secondary 376 25.5
    Technical or Further Educational Institution 133 9.0
    University or other Tertiary Institutions 329 22.3
    Others 54 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5181 84.9
    Semi-detached, row or terrace house, townhouse 506 8.3
    Flat, unit or apartment 418 6.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1003 41.5
    Being purchased 749 31.0
    Rented 624 25.8
    Other tenure type 38 1.6
    Tenure Type
Census 2011, ABS
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