Suburb Profile Report for Paralowie SA (5108)

Paralowie House: Median price $310,000, Annual capital growth 1.35%, Number of sales 189, Weekly median advertised rent $330

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

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

  • Expert Report
  • House Report

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:


April 2019

M
O

W
E

Supply stays steady

Postcode: 5108

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.

Metrics i HOUSE UNIT
$310,000 N/A
1.64% N/A
1.81% N/A
1.35% N/A
$330 N/A
189 N/A
5.54% N/A
60.2896551724138 N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 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 15871
Median household income ($/weekly) 1133
Median age of persons 31
Median housing loan repayment ($/monthly) 1341
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 2501 15.8
    25-34 years 2425 15.3
    35-44 years 2416 15.2
    45-54 years 2362 14.9
    55-64 years 1475 9.3
    Others 4693 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 5093 45.2
    Not Married 4831 42.8
    Defacto Relationship 1354 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 11402 75.6
    Canada 292 1.9
    United Kingdom 970 6.4
    Viet Nam 399 2.6
    Other 766 5.1
    Others 1256 8.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 1128 7.9
    Christianity 7839 55.1
    Hinduism 126 0.9
    Islam 300 2.1
    No Religion 4731 33.3
    Others 94 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 585 12.2
    $800-$999 527 11.0
    $1,000-$1,249 598 12.4
    $1,250-$1,499 520 10.8
    $1,500-$1,999 749 15.6
    Others 1829 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4643 40.3
    Not in the labour force 3669 31.8
    Employed, worked part-time 2145 18.6
    Unemployed, looking for work 605 5.2
    Employed, away from work 472 4.1
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 1118 15.4
    Community & personal service workers 788 10.9
    Clerical & administrative workers 1047 14.4
    Machinery operators & drivers 915 12.6
    Labourers 1295 17.8
    Others 2092 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 266 6.8
    Infants/Primary 1662 42.4
    Secondary 1162 29.7
    Technical or Further Educational Institution 373 9.5
    University or other Tertiary Institutions 318 8.1
    Others 138 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14812 97.3
    Flat, unit or apartment 232 1.5
    Semi-detached, row or terrace house, townhouse 174 1.1
    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 2916 56.3
    Rented 1180 22.8
    Fully owned 1065 20.6
    Other tenure type 21 0.4
    Tenure Type
Census 2011, ABS
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