Suburb Profile Report for Para Vista SA (5093)

Para Vista House: Median price $365,000, Annual capital growth 2.57%, Number of sales 32, Weekly median advertised rent $350

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

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Para Vista have tracked higher than the SA average of 1.92% over the last 12 months.

Over the longer term, Para Vista has seen property prices show investors a 3.11% return over the last 3 years. This is an improvement over the last 12 months

Para Vista5093 is located in SA which offers an average discount of -6.67% to property investors. Para Vista itself is showing figures that indicate -5.51% is the average achievable by property buyers investing in the suburb.

Para Vista is 116th on a list of best yielding suburbs for rents in SA with a 4.99% return

Information supplied by:


March 2019

M
O

W
E

Dwelling stock falls

Postcode: 5093

Median house price: $340,000

Stock on market: -19.0%

12-month growth: 0.9%

Around 30 minutes north of Adelaide, the suburb of Para Vista is situated right in the middle of a network of roads – Wright Road on the southern end, Redhill Road on the west and three streets on the northern boundary. In fact, Montague Road, Nelson Road and Milne Road form an inverted L shape at the top end of the suburb.

Para Vista is surrounded by amenities-rich neighbours like Para Hills, Modbury and Ingle Farm. For instance, Para Hills has several recreational facilities and schools, while Ingle Farm has quite a few primary schools.

Property supply fell by 19% over the 12 months to December 2018, and despite the slowness of its growth, Para Vista has remained positive for the past five years. Investors can also enjoy high rental yields of 5.4% on average.

Metrics i HOUSE UNIT
$365,000 N/A
1.39% N/A
10.61% N/A
2.57% N/A
$350 N/A
32 N/A
4.99% N/A
33.9444444444444 N/A

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 2929
Median household income ($/weekly) 962
Median age of persons 38
Median housing loan repayment ($/monthly) 1343
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 369 12.6
    25-34 years 392 13.4
    35-44 years 403 13.8
    45-54 years 377 12.9
    55-64 years 410 14.0
    Others 977 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 1103 48.8
    Not Married 964 42.6
    Defacto Relationship 195 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2043 72.8
    Greece 31 1.1
    Indonesia 34 1.2
    United Kingdom 237 8.4
    Other 142 5.1
    Others 321 11.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 1.9
    Christianity 1652 62.5
    Hinduism 50 1.9
    Islam 116 4.4
    No Religion 753 28.5
    Others 23 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 127 11.9
    $600-$799 136 12.8
    $800-$999 129 12.1
    $1,000-$1,249 118 11.1
    $1,500-$1,999 145 13.6
    Others 409 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 878 38.2
    Employed, worked full-time 801 34.9
    Employed, worked part-time 467 20.3
    Employed, away from work 77 3.4
    Unemployed, looking for work 75 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 178 13.2
    Technicians & trades workers 260 19.3
    Community & personal service workers 162 12.1
    Clerical & administrative workers 225 16.7
    Labourers 164 12.2
    Others 355 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 42 6.4
    Infants/Primary 264 40.2
    Secondary 166 25.3
    Technical or Further Educational Institution 68 10.4
    University or other Tertiary Institutions 99 15.1
    Others 18 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2500 88.3
    Semi-detached, row or terrace house, townhouse 254 9.0
    Flat, unit or apartment 77 2.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 457 40.2
    Rented 343 30.2
    Fully owned 327 28.8
    Other tenure type 9 0.8
    Tenure Type
Census 2011, ABS
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