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Para Hills West, SA 5096

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

  1. The total adult population (15 years or older) of Para Hills West 5096 SA is 2,705, with a median age of 38. Of those, 41.07% are married, 17.19% are divorced or separated, 35.67% are single and 6.06% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,820. The median monthly mortgage repayment for households in this suburb is $1,300 which is 22.34% of their earnings.

    Source: ABS Census Data (2021)

  2. Homes in the suburban precinct of Para Hills West 5096, based in South Australia, are a point of interest for 1,779 households. With typical house prices marking $522,487 in Q3 of 2023, the vicinity reflects an incredibly robust market. Median weekly rent circles around $412, offering an attractive indicative yield of 4.1%.

    Considering the socio-economic fabric of the area, Para Hills West 5096 showcases an IRSAD score of 866 out of 1217, a testament to decent access to economic resources, and a moderately high level of income among residents.

    However, the renter to owner ratio in the suburb is a moderate 37%, which, while crossing the ideal mark, supports a fairly stable rental market. A significantly low units to houses ratio of 13% indicates a predominance of houses over units, making it a potential hotspot for families.

    The area’s affordability index presents a bit of a struggle at 35 years; however, the diverse metrics of Para Hills West 5096 render an overall favourable investment opportunity.

    An examination of supply-side metrics reveals an average stock on market Percentage of 0.58% for houses, a figure signifying a stable market within the neutral range. The inventory level is also a comfortable 2.35 months, suggesting a balanced sales pace without any market saturation. Furthermore, the Building Approval Ratio stands at a favourable 1.1%, indicating a steady inflow of new houses.

    On the demand side, the average days on market tally up to 44, suggesting a fairly strong demand, and a vacancy rate of a paltry 0.45%, which should be music to investors’ ears. The buy search index hovers around the average at 5.

    While some metrics are in the unfavourable zone, notably the Affordability Index, the combination of other positive metrics tends to offset these challenges. The RCS developed by HtAG Analytics (a groundbreaking metric that combines over 80 individual metrics into a single, holistic picture) also supports this view.

    Consequently, Para Hills West 5096, with its varied market dynamics, paints an appealing picture for astute cash flow-focused property investors.

    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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