Renmark Paringa Council, SA

The Renmark Paringa Council is a local government district in the Riverland of South Australia, close to the Victorian border. The region is recognized for its diverse fruit production and is largely reliant on the Murray River for water. Renmark is the seat of the council.

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Labourers 21.9 %, Managers 16.5 %, Technicians and Trades Workers 12.2 %, Professionals 11.3 %, and Clerical and Administrative Workers 10.2 % are the most frequent jobs in Renmark Paringa.

Renmark Paringa’s typical weekly personal income for persons aged 15 and above is $550.

Separate homes account for 88.2 % of occupied private residences in Renmark Paringa, 3.9 % for semi-detached, row or terrace houses, townhouses, etc., 5.4 percent for flats or apartments, and 1.6 % for other housing.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
Upgrade to Personal Plan to see Yield data.
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
Upgrade to Starter Plan to see Demand Profile data.
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
Upgrade to Professional Plan to see Buy & Rent Search Index data.

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
Upgrade to Professional Plan to see Growth Rate Cycle data.

Property Market in Renmark Paringa Council, SA

What other property markets are there near Renmark Paringa Council, SA?

Renmark Paringa Council is surrounded by 1 other council area – Loxton Waikerie.

How many people live in Renmark Paringa Council, SA?

There are approximately 10000 people living in roughly 4.5 dwellings in total, with an average household size of 2.3.

What are current and planned infrastructure projects in Renmark Paringa Council, SA?

Among the main projects there are Urban Design Framework, Government Road Strategic Freight Route,
Taylor Riverfront Precinct.

What major retailers are there in Renmark Paringa Council, SA?

There are main retailers such as Renmark Square, Riverland Central Plaza, Dear Lyla Renmark, Henri & Cooper Giftware & Fashion.

What is the main industry in Renmark Paringa Council, SA?

Such sectors as Agriculture, Forestry and Fishing, Health Care and Social Assistance, Retail Trade, Manufacturing take the largest part of the employment.

What are the dominant demographic groups in Renmark Paringa Council, SA?

Among approximately 10000 people in Renmark Paringa Council males and females make roughly 49% and 51% respectively. The median age of people is 44 years. Children aged 0-14 years account for approximately 17% of the population, and those aged 65+ years account for21 %.

How is unemployment rate trading in Renmark Paringa Council, SA?

Among approximately 4500 people employed, roughly 55% work full-time, 32% work part-time, and an estimated 7% are unemployed.

Suburbs/localities in this Local Government Area: Old Calperum 5341, Paringa 5340, Pike River 5340, Renmark 5341, Renmark North 5341, Renmark South 5341, Renmark West 5341, Wonuarra 5340, Yamba 5340, Chaffey 5341, Cooltong 5341, Crescent 5341, Gurra Gurra 5343, Lyrup 5343, Mundic Creek 5340, Murtho 5340

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