Question 1

Is Parafield Gardens a nice place to live?

Accepted Answer

Parafield Gardens is an established, practical suburb in Adelaide’s northern corridor with single-storey brick homes on modest blocks and some newer infill housing. Residents rely on nearby parks, sporting ovals and a modest shopping centre for everyday needs, while the suburb’s location beside Parafield Airport gives parts of the area an open, working-airfield character and easy access to aviation-related employment. Road links and nearby train services connect the suburb to the wider northern corridor, so it suits families and households looking for affordable, down-to-earth housing with convenient transport options.

The community numbers 18,467 people with a median age of 36 and a typical household income of $1,384 a week (about $72,000 a year). It is weighted towards couple families, who make up 78.2% of families, and homes are predominantly owner-occupied (70.7% owned outright or with a mortgage). Local investment is under way, with a proposed upgrade to The Gardens Recreation Centre being investigated and design work progressing, and Morella Community Centre receiving funding for a new outdoor kitchen while continuing to run local programs and services.

Question 2

Is it expensive to live in Parafield Gardens?

Accepted Answer

On the figures for Parafield Gardens, the median house price of $873,500 works out to about 12.1 times a typical local annual household income at the last Census, which places buying well above local incomes. Renting a house at about $610 a week would take roughly 44.0% of a typical local household's weekly income at the last Census, a large share of income.

For renters the rent share is the immediate number to watch, and for buyers the price multiple is the relevant measure. Whether those amounts feel expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Parafield Gardens a good place to invest?

Accepted Answer

House values in Parafield Gardens rose a strong 17.4% over the past 12 months. House rents edged up 1.7% in the same period, so over the year capital growth on houses outpaced rental income.

If you are focused on capital growth, the value movement is the figure to weigh; if rental income is your priority, note the much smaller rise in rents. Whether that balance makes Parafield Gardens a suitable investment depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$874K	N/A
Change in value Past 12 months	17.4%	N/A
Sold Past 3 months	56	2
Median days on market Past 12 months	61	N/A
Average rent Past 12 months	$610	N/A
Change in rent Past 12 months	1.7%	N/A

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