PARADISE, SA, 5075

With a capital gain of 2.77% for the last 12 months, Paradise, 5075 has performed for property investments than its average annual 5.27% property growth over the last 5 years.

While Paradise,5075 ranked number 234th in SA for increase in median house value (annualised) increase, it is ranked 81th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it’s essential for property investors to take into account what discounts are being offered in Paradise, 5075. Typically our figures indicate that -6.29% is being offered, which puts this SA suburb at 1378th most discounted overall in Australia.

Often selling an investment property can take time, and in Paradise the average time real estate has been on the market is 68.4 days.

Renters in Suburb are facing rents around $4440 per annum or $370 every week.

Property value increases in Paradise have tracked higher than the SA average of 3.02% over the last 12 months.

Taking the average capital gain, or increase in median house value, Paradise,5075 has racked up an average of 22.88% over the period. This ranks it number 29th in the whole country for real estate investors looking at median house price increases.

Paradise, 5075 is offering SA ‘s 168th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this SA.

Renters in Suburb are facing rents around $3360 per annum or $280 every week.

Information supplied by:

June 2017

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Home to the Thorndon Park Reserve that may contribute to its name, Paradise certainly seems to be just that for many interested buyers.Full summary

Riverside suburb lives up to its moniker

Median unit price: $335,000

Three-year growth: 3.08%

Rental yield: 4.50%

Home to the Thorndon Park Reserve that may contribute to its name, Paradise certainly seems to be just that for many interested buyers.

Apartments in this suburb are reasonably priced, with a median value of $335,000. Despite slower growth over recent years, its growth has peaked at over 18% in the past 12 months, even though it stumbled slightly over the March 2017 quarter. The average annual growth rate remains high at nearly 7%, which may suggest Paradise’s ability to hold on through an expected decline in South Australia.

Paradise is bounded in the north by the River Torrens, and while the suburb is primarily residential at present, it provides the advantages of having schools nearby, including several primary and secondary institutions. Buses can also bring commuters to Adelaide in under an hour.

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