Gilles Plains vs Parafield Gardens

The median house price is $855K in Gilles Plains and $850K in Parafield Gardens, so Parafield Gardens is the cheaper entry point, with Gilles Plains houses about 1% dearer.

For units, Gilles Plains sits at a median of $665K against $600K in Parafield Gardens, which makes Parafield Gardens the more affordable unit market and Gilles Plains the pricier one.

Over the past year house prices moved +11.3% in Gilles Plains and +18.1% in Parafield Gardens, so recent momentum favours Parafield Gardens, although both suburbs recorded growth.

Looking back three years, Gilles Plains houses are +37.6% and Parafield Gardens houses +50.4%, so Parafield Gardens has compounded faster than Gilles Plains over the longer window.

Rental vacancy is 0.4% in Parafield Gardens and 1.0% in Gilles Plains, so landlords in Parafield Gardens face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Parafield Gardens is the bigger suburb, with a population of 18,467 against 4,101, roughly 4.5 times the size of Gilles Plains; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Parafield Gardens for a lower purchase price, Parafield Gardens for recent price momentum, Parafield Gardens for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.