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Parafield Gardens, SA 5107
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$850,000
market range $400K-$975K
Median Unit
$600,000
market range $575K-$650K
Gross Yield (houses)
3.9%
1yr Growth (houses)
+18.1%
market range +7.5% to +20.0%
Investment snapshot for Parafield Gardens
Parafield Gardens has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Parafield Gardens market and investor summary
In Parafield Gardens, SA 5107, the median house sells for around $850K, on a gross rental yield of 3.9% for houses. House prices have moved +18.1% over the past year and +50.4% over three years. At 0.4% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.9% is neither a standout cashflow play nor a pure growth bet.
Living in Parafield Gardens: people, income and schools
Parafield Gardens is home to around 18,467 people, a number that has held fairly steady over five years. At a median age of 36, it reads as broadly working-age, and families account for 77% of households.
The typical household income runs to around $72,000 a year (about $1,380 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 11.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Families have 29 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Parafield Gardens sits about 16 km from the CBD. It is fairly car-dependent; the suburb scores 33 for walkability and 9 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 18,467
- -1% over 5yr
- Median age
- 36 years
- Median household income
- $72,000/yr
- Households renting
- 28%
- Family households
- 77%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 29
- avg ICSEA 994
- Unemployment
- 6.1%
- Distance to CBD
- 16 km
- Walk score
- 33/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Parafield Gardens
View all →Frequently asked questions about Parafield Gardens
What should I check before investing in Parafield Gardens?
Parafield Gardens has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. Capital growth of +18.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Parafield Gardens?
The median property price in Parafield Gardens, SA 5107 is $850K for houses and $600K for units.
What rental yield does Parafield Gardens show?
The gross rental yield in Parafield Gardens is 3.9% for houses and 4.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Parafield Gardens?
House prices in Parafield Gardens are up 18.1% over the past year and up 50.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Parafield Gardens?
The current vacancy rate in Parafield Gardens is 0.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Parafield Gardens?
Parafield Gardens has a population of approximately 18,467 residents, with a median age of 36.
What schools are near Parafield Gardens?
There are 29 schools within roughly 5km of Parafield Gardens. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Parafield Gardens affordable to buy in?
A median house in Parafield Gardens costs about 11.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Parafield Gardens's population growing?
The population of Parafield Gardens has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Parafield Gardens from the CBD?
Parafield Gardens is about 16 km from the CBD.
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