Paralowie (postcode 5108) is a well-established suburb in South Australia within the Salisbury local government area. With a population of 17,504, the suburb has a mix of families and early-career residents with a median age of 35. Households earn a median income of $77K per year, with an average household size of 2.9 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 labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Scottish.
The median house price in Paralowie is $780,000, having edged higher by 2% over the past year. Units have a median price of $386,000 (+2.5% YoY). The current median weekly rent is $466. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,300.
Paralowie is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 952, which is around the national average of 1,000. Public transport access includes 67 bus stops. The crime rate in the Salisbury LGA is moderate at 5,404 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices are near the state median ($780K/$950K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +2.0% 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.