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:
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.