Para Vista vs Parafield Gardens
Property investment comparison - Para Vista, SA 5093 vs Parafield Gardens, SA 5107
Head-to-head across core investment metrics: Para Vista wins 2, Parafield Gardens wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Para Vista | Parafield Gardens |
|---|---|---|
| Median house price | $850K | $850K |
| Median unit price | - | $600K |
| Gross rental yield (houses) | 3.79% | 3.91% |
| Gross rental yield (units) | 4.68% | 4.50% |
| 1-year house growth | +15.3%estimate | +18.1% |
| 3-year house growth | - | +50.4% |
| Vacancy rate | 0.3% | 0.4% |
| Population | 3,023 | 18,467 |
Para Vista vs Parafield Gardens: what the numbers say
Houses cost about the same in both suburbs: the median house price is $850K in Para Vista and $850K in Parafield Gardens.
On cash flow, Parafield Gardens leads: houses there return a gross rental yield of 3.91%, compared with 3.79% in Para Vista, a gap of 0.12 percentage points.
Over the past year house prices moved +15.3% in Para Vista (an estimate) and +18.1% in Parafield Gardens, so recent momentum favours Parafield Gardens, although both suburbs recorded growth.
Rental vacancy is 0.3% in Para Vista and 0.4% in Parafield Gardens, so landlords in Para Vista 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 3,023, roughly 6 times the size of Para Vista; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Parafield Gardens for rental income, Parafield Gardens for recent price momentum, Para Vista for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Parafield Gardens, SA 5107
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