Get a property report and suburb profile for any property in Paralowie

Paralowie is an established residential suburb in Adelaide's northern fringe, with quiet streets of mostly single-storey detached homes and pockets of newer infill housing. It leans towards a family-oriented, suburban lifestyle, with parks, sporting fields, shopping centres, community facilities and schools close at hand, including Paralowie R-12 School and its on-site community centre. The Little Para Linear Park corridor, Hausler Reserve and nearby wetlands provide open space, and regular bus services and road links connect to nearby centres and rail stations.

About 17,504 people live in Paralowie; the median age is 35 and median household income is $1,479 a week (around $77,000 a year). Families are a clear feature, with couple families with and without children making up about 76.3% of families and owner-occupiers accounting for 75.2% of homes. There are a small number of council and education-led works under way, such as footpath and bus-stop upgrades and additional modular accommodation at Paralowie R-12 School. Whether it suits you depends on whether you want an established, practical suburb with handy local amenities and green space.

In Paralowie a median house price of $805,000 works out to about 10.5 times a typical local household's annual income at the last Census (weekly income $1,479, or $76,908 a year). That is a high multiple against local incomes.

The average house rent of $595 a week would take about 40.2% of a typical local household's weekly income at the last Census, a large share of income. If you're renting rather than buying, that rent share is the figure that matters when weighing how expensive Paralowie feels.

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

Over the past 12 months Paralowie's two property types moved in opposite directions: median house values climbed 23.4%, a strong rise, while median unit values fell 13.8%, a large decline. House rents rose 6.2% over the year, a solid increase on the income side.

For someone weighing Paralowie up as an investment, the figures show that capital growth this year was concentrated in houses while units lost value, and that rental income from houses also increased. Whether that pattern fits your goals and circumstances is for you to decide.

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.