Property value increases in Paralowie have tracked close to the SA average of 2.25% over the last 12 months.
A 10.91% growth in median value for property investors in Paralowie,5108 puts this suburb at number 150th in terms of best performing suburbs in SA
Paralowie5108 is located in SA which offers an average discount of -6.84% to property investors. Paralowie itself is showing figures that indicate -6.97% is the average achievable by property buyers investing in the suburb.
Paralowie, 5108’s gross rental yield is 5.46%
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.