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Paringa, SA 5340

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Paringa, SA 5340 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Paringa, SA 5340”

  1. The total adult population (15 years or older) of Paringa 5340 SA is 939, with a median age of 41. Of those, 49.09% are married, 11.29% are divorced or separated, 34.19% are single and 5.22% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,476. The median monthly mortgage repayment for households in this suburb is $1,083 which is 16.72% of their earnings.

    Source: ABS Census Data (2021)

  2. Settled within South Australia is the suburb of Paringa 5340, with an estimated 608 households. As at Q3 of 2023, Paringa offers typical house prices around $389,175, and median weekly rents of around $304. This gives a compelling indicative yield of an approximate 4.06%.

    Socio-economically, Paringa sits comfortably with an IRSAD score of 920 of a possible 1217. This demonstrates a strong socio-economic standing in the community, pointing towards solid income levels and access to economic resources.

    Taking the renter to owner ratio into account, Paringa performs well with a low ratio of 20%, an indicator of lower competition among other property investors as well as lower risk. This low ratio also contributes positively to the overall vibe of the neighbourhood.

    In Paringa, the house market holds strong with a remarkable unit to house ratio of 0%. The scarcity of units helps maintain healthy rental yields and reduces possible market oversaturation. Moreover, the house-centric nature of Paringa accommodates families, potentially leading to longer tenancy periods.

    An excellent affordability index of 24 years is registered for house ownership, indicating high affordability and a property market within reach for many.

    From a supply perspective, Paringa is advantageous with a low stock on market Percentage of 0.16% and an inventory level at about one month. This suggests that houses sell briskly in this market and indicate the potential for further capital gains.

    With Paringa witnessing a 0.0% building approvals Ratio, there is no increased supply hindrance to the existing property market.

    The average ‘Days on Market’ for houses is commendably low at around 35 days, suggesting a reasonably high demand for properties. Moreover, a low vacancy rate of 0.83% further solidifies this high demand sentiment.

    The buy search index for houses in Paringa scores a healthy 4, further attesting to the credible interest from potential buyers.

    Overall, Paringa 5340 offers some attractive merits from an investment perspective, exhibiting both stable demand and limited supply. To optimise your decision-making, in-depth research and tracking the ongoing property market statistics in such promising suburbs is crucial. And remember, RCS by HtAG analytics is a handy tool that can make this process easier for you with its diverse metrics and insightful data.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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