With a capital gain of 2.46% for the last 12 months, Paralowie, 5108 has performed for property investments than its average annual 1.16% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Paralowie has increased when compared to the 5 year average annual rate.
Paralowie5108 is located in SA which offers an average discount of -6.52% to property investors. Paralowie itself is showing figures that indicate -6.01% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Paralowie the average time real estate has been on the market is 60.4082 days.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 5.49%, without taking into account capital value appreciation, which has been averaging out at 1.16%.
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.