Parafield Gardens, SA 5107: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Parafield Gardens, the median property price for a house is currently $659,500 with annual capital growth of 19.47% . There were 212 house sales in the past 12 months. On average, houses spend 33 days on market.

If you're thinking about buying an investment property in Parafield Gardens, consider that rental yields for houses are currently 4.54% with an average median rent of $560 weekly. Houses have seen 4.43% growth in the past quarter, and 19.47% growth in the past 12 months.

The size of Parafield Gardens is approximately 7.1 square kilometres. It has 40 parks covering nearly 11.3% of total area. The population of Parafield Gardens in 2011 was 15,318 people. By 2016 the population was 16,962 showing a population growth of 10.7% in the area during that time. The predominant age group in Parafield Gardens is 30-39 years.

Households in Parafield Gardens are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Parafield Gardens work in a labourer occupation. In 2011, 69.1% of the homes in Parafield Gardens were owner-occupied compared with 68% in 2016.

There were 10 unit sales in the past 12 months.

If you're thinking about buying an investment property in Parafield Gardens, consider that rental yields for units are currently 5.06% with an average median rent of $520 weekly.

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Key Market Data	House	Unit
Median price	$659,500	$487,500
Quarterly growth	+4.43%	+3.72%
12-month growth	+19.47%	–
Average annual growth	+14.61%	–
Weekly median rent	$560	$520
Gross rental yield	4.54%	5.06%
Number of Sales (12m)	212	10
Avg. Days on Market (12m)	33	–

Jump to Market Trends

Key Demographics	2011	2016
Total population	15,318	16,962
Population change (5y)	+5.02%	+10.70%
Median household income (p/w)	$985	$1,152
Household income change (5y)	+14.80%	+16.95%
Median age of persons	35	36

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Parafield Gardens is $659,500 for houses and $487,500 for units.

The Median Growth in Parafield Gardens over the past 12 months is 19.47% for houses.

Over the past 12 months there were 212 houses sold and 10 units sold in Parafield Gardens. On average, houses spent 33 days on market.

In the past 12 months up to September 2024 there were 212 houses sold and 10 units sold in Parafield Gardens. On average, houses spent 33 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Parafield Gardens is $560 for houses and $520 for units.

The Rental Yield in Parafield Gardens is 4.54% for houses and 5.06% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Parafield Gardens was 16,962 in 2016, a +10.70% change compared to 2011.

The predominant age group in Parafield Gardens is 30-39 years.

The population of Parafield Gardens was 16,962 in 2016, a +10.70% change compared to 2011.

The predominant age group in Parafield Gardens is 10-19 years.

Most of the population in Parafield Gardens were born in Australia.

Most of the population in Parafield Gardens report their religion as No Religion.

Most of the population in Parafield Gardens report their income range as between $78,000 and $130,000 .

The median household income in Parafield Gardens was $1,152 in 2016, a +16.95% change compared to 2011.

Most of the population in Parafield Gardens report their income range as between $31,000 and $52,000 .

The median household income in Parafield Gardens was $985 in 2011, a +14.80% change compared to 2006.

Most of the population in Parafield Gardens work as Labourer.

The chart below demonstrates the various levels of education in Parafield Gardens.

Most of the population in Parafield Gardens reached a qualification level of Certificate.

2011 2016

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