Para Vista (postcode 5093) is a smaller suburb in South Australia within the Salisbury local government area. It is home to about 3,023 residents, with an established demographic and a median age of 40. Households earn a median income of $66K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Para Vista stand at $870,000, having dipped slightly by 2.3% over the last twelve months. The current median weekly rent is $488. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,300.
Para Vista is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1021, which is around the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Salisbury LGA is moderate at 5,293 incidents per 100,000 population.
On the investment side, Para Vista shows a gross rental yield of approximately 2.9%, rated as low yield. Property prices are near the state median ($870K/$950K). The price-to-income ratio of 13.1x is considered stretched. House prices have moved -2.3% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.