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Para Hills, SA 5096

Home » SA Real Estate Data » City of Salisbury, SA » Para Hills, SA 5096

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 Para Hills, SA 5096 located in Adelaide 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 “Para Hills, SA 5096”

  1. The total adult population (15 years or older) of Para Hills 5096 SA is 5,460, with a median age of 36. Of those, 44.56% are married, 12.88% are divorced or separated, 38.13% are single and 4.63% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $6,436. The median monthly mortgage repayment for households in this suburb is $1,300 which is 20.20% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled amid the inviting expanses of South Australia lies the suburb of Para Hills 5096, a residential spread composed of an approximate 3064 households. As we approach the third quarter of 2023, the property market data for houses in this locale presents an enticing picture for prospecting buyers and investors.

    The current statistics reveal average dwelling prices for the area sit at about $564,129. Paired with a median weekly rental income of $461, homes in Para Hills offer an attractive indicative yield of 4.25%. This overshadows the generally accepted minimum yield market requirement of 3%, appealing to cashflow-focused property investors.

    When it comes to the societal blueprint of the suburb, its IRSAD score stands at 915 out of a potential 1217. This denotes a fairly healthy socio-economic condition, reflecting an adequate access to economic resources, intermediate-to-high income range, and a somewhat skilled workforce.

    The renter to owner ratio, a crucial barometer for long-term investment return, tips favourably at 21%, significantly lower than the 30% threshold where returns may start becoming questionable.

    Para Hills’ landscape reveals a minimal units-to-houses ratio of 2%, meaning there’s less competition amongst landlords for tenants. Such a low percentage proves beneficial in maintaining higher rental yields, with longer tenancy periods often observed as more families are drawn to suburbs consisting predominantly of houses.

    On the affordability front, it’s observed that it would take about 34 years for a resident to fully own a property in Para Hills, slightly north of the standard 30-year mortgage tenure. It’s a value that may indicate a less accessible market for potential homeowners given its decreased affordability.

    Looking at the supply metrics for Para Hills, the stock on market Percentage (SoM) for houses is a low 0.29% and the inventory level is just below 1 month. These values are favourable and point towards a fast-moving market where listings are getting absorbed swiftly. At 0.75%, the building approvals Ratio also indicates low supply, another positive sign for the market’s health.

    Demand metrics portray an effervescent property landscape. Houses remain on the market for an average of only 26 days, signalling brisk demand. The ultra-low vacancy rate of 0.3% confirms the high demand for properties, with few available rentals in the market. Lastly, with a buy search index of 4, interest in Para Hills’ houses remains steady against the state/city average.

    Summing up, most metrics for Para Hills sit within the favourable range, although the slightly elevated Affordability Index should be monitored. This property market presents appealing investment potential, highlighted by the strong yield and high demand. Nonetheless, it’s crucial to keep an eye on market developments and trends, well represented here by the HtAG Analytics RCS metric which is developed using over 80 matrices.

    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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