Parafield Gardens is a well-established suburb in South Australia within the Salisbury local government area (postcode 5107). With a population of 18,467, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $72K per year, with an average household size of 2.9 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Indian.
The median house price in Parafield Gardens is $845,000, having surged 14% over the past year. Units have a median price of $485,000 (+16.6% YoY). The current median weekly rent is $538. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,382.
Parafield Gardens is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 974, which is around the national average of 1,000. Public transport access includes 70 bus stops. The crime rate in the Salisbury LGA is moderate at 4,765 incidents per 100,000 population.
From an investment perspective, Parafield Gardens offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($845K/$950K). The price-to-income ratio of 11.7x is considered stretched. House prices have moved +14.0% year-on-year.
Parafield Gardens is a well-established suburb in South Australia within the Salisbury local government area (postcode 5107). With a population of 18,467, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $72K per year, with an average household size of 2.9 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Indian.
The median house price in Parafield Gardens is $845,000, having surged 14% over the past year. Units have a median price of $485,000 (+16.6% YoY). The current median weekly rent is $538. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,382.
Parafield Gardens is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 974, which is around the national average of 1,000. Public transport access includes 70 bus stops. The crime rate in the Salisbury LGA is moderate at 4,765 incidents per 100,000 population.
From an investment perspective, Parafield Gardens offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($845K/$950K). The price-to-income ratio of 11.7x is considered stretched. House prices have moved +14.0% year-on-year.