Paradise, 5075 ranked 383th in SA when comparing growth in median property values or capital gain over the last 12 months. Paradise is one of 853 in our list for SA
Paradise,5075 was ranked 2204 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Paradise is offering property investors an average of -5.10. This rate of discount on properties puts Suburb at number 67th in terms of most discounted suburbs in SA
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 1.63%, investors should hope to achieve an overall return of 4.05%
Giving property investors a a poor capital gain of -24.97% for the last year, Paradise, 5075 is the 1447th highest performer in Australia in this respect.
Comparing Paradise,5075 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Using the current median advertised rental of $325 and the average annual increase in value of a median property of 1.67%, investors should hope to achieve an overall return of 6.05%
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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.