Investment property in Paralowie has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.81%
Taking the average capital gain, or increase in median house value, Paralowie,5108 has racked up an average of 1.81% over the period. This ranks it number 2228th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.73% offered to property buyers. Sellers in Paralowie itself are offering an average vendor discount of -6.27% to real estate investors.
Situated 18.96km from the CBD, Paralowie is one of Salisbury (C) localities in the postcode 5108.
Information supplied by:
Supply stays steady
Median house price: $304,000
Stock on market: -1.1%
12-month growth: 1.3%
A half hour’s drive from Adelaide, the suburb of Paralowie is mainly residential, but it is also served by many amenities.
Development in the area has led to the construction of new dwellings, and a number of cafes, restaurants and shops have popped up to cater to the population’s needs. Paralowie also offers residents a wonderful community that’s ideal for families. Nonetheless, buyers do have to be careful when looking into this suburb, as there are pockets which are not entirely safe.
Supply levels in this suburb have largely remained steady in the January 2018-2019 period. With house prices on the up in this suburb, keeping stock down could help spur demand in this area, given the high average discount rate of 11.5% that sellers are having to offer and the fact that houses spend an average of 90 days on sale.