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Paralowie suburb profile

Paralowie is a suburban area located in the northern outskirts of Adelaide, South Australia, known for its family-friendly environment and community-oriented lifestyle. It offers a mix of residential developments, including modern homes and established properties, catering to diverse housing needs. The suburb is well-served by local amenities such as schools, shopping centers, and parks, making it an attractive option for families and individuals seeking convenience and comfort. Paralowie's proximity to major transport routes ensures easy access to the Adelaide CBD and surrounding areas, enhancing its appeal as a practical and welcoming place to live.

Paralowie property market performance

Current median dwelling price$503,750Past 3 months

Property growth+63.0%Past 12 months

Paralowie’s property market has experienced significant growth in house values over the past 12 months, with an impressive increase of 16.4%, bringing the median house price to $807,500. However, the unit market remains stagnant, with no change in median value and limited sales activity, as only three units were sold in the past year.

The housing market has seen 40 houses sold over the last 12 months, with properties spending a median of 59 days on the market, indicating a steady demand. The unit market, however, shows no activity, reflecting a lack of available units or demand in this sector.

In terms of rental performance, house rents have increased by 4.5% over the last year, with an average rent of $580. The unit rental market remains inactive, with no change in rent prices, highlighting a focus on houses in Paralowie.

HousesUnits
Median price
Past 3 months
$808KN/A
Change in value
Past 12 months
16.4%N/A
Sold
Past 3 months
403
Median days on market
Past 12 months
59N/A
Average rent
Past 12 months
$580N/A
Change in rent
Past 12 months
4.5%N/A

5 year median price trend for houses and units

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Paralowie demographics

Paralowie, located in the northern suburbs of Adelaide, is a family-friendly area known for its community-oriented atmosphere and affordable living. With a population of 17,504 and a median age of 35, Paralowie is home to a diverse mix of families, young professionals, and long-term residents. The suburb's proximity to schools, parks, and shopping centers makes it an attractive option for those seeking a balanced lifestyle with convenient amenities.

The housing market in Paralowie is characterized by a high rate of home ownership, with 50.6% of properties owned with a mortgage and 24.6% owned outright. This reflects a stable community with many residents investing in their homes for the long term. Rental properties make up 24.8% of the housing market, offering options for those who prefer flexibility or are new to the area. The median total household income of $1,479 per week indicates a moderate economic standing, suitable for families and individuals seeking affordability without compromising on quality of life.

Family dynamics in Paralowie are diverse, with 46.9% of households being couple families with children, and 29.4% being couple families without children. One-parent families account for 22.1% of the community, highlighting the suburb's inclusive nature and support for various family structures. The presence of other family types, though smaller at 1.7%, adds to the suburb's rich tapestry of residents. Overall, Paralowie offers a welcoming environment for families and individuals alike, with its blend of suburban comfort and community spirit.

Paralowie infrastructure, key developments and investment opportunities

Paralowie is experiencing some notable developments that may impact its property market. The suburb is undergoing residential growth, with several new housing estates being developed, offering a range of land sizes and house-and-land packages. This expansion is likely to increase housing supply and potentially attract new residents to the area.

The local education sector is also seeing improvements, with Paralowie R-12 School recently expanding its facilities to accommodate a growing student population. Additionally, the proximity to the Northern Expressway enhances connectivity to Adelaide's CBD, potentially increasing the suburb's appeal to commuters. While no major infrastructure projects are currently underway, the ongoing residential development and school improvements are likely to sustain interest in Paralowie's property market.

Paralowie rental market trends

The rental market in Paralowie has experienced moderate growth, with house rents increasing by 4.5% over the past year to $580 per week. However, there has been no change in unit rents, which remain at $0, indicating a potential lack of available units. Paralowie continues to offer opportunities for investors focusing on the housing market.

Suburbs near Paralowie

Some popular suburbs near Paralowie include:

  • Salisbury Downs: Known for its community parks and convenient shopping options, Salisbury Downs is located directly south of Paralowie.
  • Elizabeth East: Featuring a mix of residential and recreational spaces, Elizabeth East is situated to the northeast of Paralowie.
  • Modbury: Known for its major shopping center and healthcare facilities, Modbury lies to the southeast of Paralowie.
  • Seaton: Offering a blend of residential and coastal lifestyle, Seaton is located to the southwest of Paralowie.
  • Belair: Known for its natural reserves and scenic views, Belair is situated to the south of Paralowie.

How does Paralowie compare to nearby suburbs?

  • Median house prices: Paralowie’s median house price is 19.1% higher than Elizabeth East’s.
  • Median unit prices: Paralowie’s median unit price is 56.5% lower than Mawson Lakes’s.
  • House price growth: Over the past 12 months, house prices in Paralowie have grown 3.1% higher than in Salisbury Downs.
  • Unit price growth: Over the past 12 months, unit prices in Paralowie have grown 112.7% higher than in Salisbury East.
  • Selling speed for houses: Properties in Paralowie are selling 4.8% faster than in Elizabeth East.
  • House price growth: Over the past 12 months, house prices in Paralowie have grown 23.7% lower than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Paralowie have grown 12.7% lower than the average rate of growth for units across Adelaide.

Common questions about Paralowie

  • Is Paralowie a nice place to live?

    Paralowie is a charming suburb that offers a delightful blend of suburban comfort and community spirit, making it a wonderful place to call home. Known for its family-friendly vibe, Paralowie is a haven for those seeking a peaceful yet connected lifestyle. The suburb boasts a welcoming atmosphere, with a diverse mix of residents contributing to its vibrant community feel. Families will find Paralowie particularly appealing, thanks to its excellent local amenities, including schools, parks, and shopping centers, which cater to everyday needs and enhance the quality of life.

    Safety and convenience are key features of living in Paralowie. The suburb's proximity to major transport routes, such as the Northern Expressway, ensures easy access to Adelaide's CBD and surrounding areas, making it an attractive option for commuters. While Paralowie may not have the bustling nightlife of inner-city areas, it compensates with a strong sense of community and a quieter, more relaxed lifestyle. The ongoing residential developments and improvements in local schools further add to the suburb's appeal, promising a bright future for its residents.

    For families, Paralowie offers a supportive environment with a variety of housing options, from modern homes to established properties, catering to different needs and preferences. The suburb's affordability is a significant drawcard, allowing families to enjoy a comfortable lifestyle without breaking the bank. However, potential residents should consider the trade-off of a quieter suburban setting over the hustle and bustle of city living. Overall, Paralowie is a delightful choice for those seeking a balanced lifestyle with a strong community focus and convenient access to essential amenities.

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  • Is it expensive to live in Paralowie?

    Living in Paralowie is relatively affordable compared to many other suburbs. The median house price is around $690,000, which is quite reasonable when you consider the broader Adelaide market. Units are even more budget-friendly, with a median price of $142,475, making it an attractive option for those looking to enter the property market or downsize.

    Renting in Paralowie is also quite manageable. The average rent for houses is $550 per week, while units average $398 per week. These figures are fairly accessible, especially when compared to rental prices in more central or coastal areas. The average wage in Paralowie is approximately $77,000 per year, which aligns well with the cost of living here. This suggests that residents can maintain a comfortable lifestyle without stretching their finances too thin.

    Overall, Paralowie offers a good balance between affordability and lifestyle. If you are thinking of living in Paralowie, you'll find that it provides a cost-effective option without compromising on the essentials, making it a practical choice for many families and individuals.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Paralowie a good place to invest?

    Paralowie is showing promising signs as a potential investment hotspot, especially for those interested in the housing market. Over the past year, the suburb has experienced a significant 22.3% increase in median house values, indicating strong demand and a healthy growth trajectory. This surge suggests that Paralowie is becoming increasingly attractive to buyers, which could be due to its appealing lifestyle offerings or proximity to key amenities.

    In terms of rental returns, Paralowie also presents a compelling case. House rents have risen by 14.6% over the last year, reflecting a robust rental market and the potential for solid rental income. This increase in rental demand could be driven by families and professionals seeking affordable living options within reach of the city. While unit values have remained stable with no change, they still offer a steady rental increase of 4.6%, which might appeal to investors looking for consistent returns without the volatility.

    Overall, Paralowie's strong growth in house values and rental returns make it an attractive option for investors seeking both capital appreciation and rental income. The suburb's potential for continued growth, coupled with its current market dynamics, positions it as a worthwhile consideration for those looking to invest in the real estate market.

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Choose the right real estate agents in Paralowie

In Paralowie, 119 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 31.2% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.5% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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