With a capital gain of 12.12% for the last 12 months, Para Vista, 5093 has performed for property investments than its average annual 2.69% property growth over the last 5 years.
While Para Vista,5093 ranked number 109th in SA for increase in median house value (annualised) increase, it is ranked 68th over the last 5 years.
Vendor discounting in Para Vista is giving property investors an average Vendor Discount of around -6.27%. This puts suburb at number 143th in SA when ranking the most discounted suburbs.
Residents and property investors in Para Vista have been waiting around 33.9412 days to sell a property.
Information supplied by:
Dwelling stock falls
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.