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%
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
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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.Close