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Suburb Insights · SA 5303

Parilla, SA 5303 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Parilla is a regional centre in South Australia, Australia, with a population of approximately 159, making it a boutique locality. Located approximately 195 km from the Adelaide CBD, Parilla is a regional area in South Australia. The median household income is $87,724 per year.

Investment Score

40 / 100 Weak

Moderate income levels in Parilla indicate steady rental demand from working households. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Adelaide
Parilla
South Australia · 5303
195 km from Adelaide CBD
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Key Indicators

Postcode
5303

Official Australia Post postcode for Parilla. A postcode may cover multiple suburbs.

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Population
159

Usual resident population at the most recent census.

Median weekly rent
$200/wk

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$87,724/yr

Annual median household income (before tax) across all households.

Distance to CBD
195 km

Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
$661/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
66% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Investment Insight

Parilla is a smaller community of 159 — about 4% of the South Australia suburb median (3,699) — so investors should factor in the narrower buyer pool and longer average time-on-market. Households here earn $87,724/year on average — 8% above the SA suburb median of $80,964 — a modest premium that supports resilient owner-occupier demand. Median weekly rent of $200 equates to $867/month — about 131% of the median mortgage repayment of $661/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. Parilla is 195 km from Adelaide, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.

Parilla vs South Australia Median

How Parilla stacks up against the median of all South Australia suburbs in our dataset. Positive values mean Parilla sits above the state median; negative means below.

MetricParillaSA medianΔ vs state
Population1593,699-96%
Median household income$87,724/yr$80,964/yr+8%
Median rent (weekly)$200$320-37%
Median mortgage (monthly)$661$1,616-59%
Distance to CBD195 km13 km+1400%
Separate houses66%73%-7pp

Investor Checklist

Pre-inspection briefing for Parilla — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Limited buy-and-hold upside: a small population of 159 means liquidity is thin and capital growth tends to lag the wider South Australia market over full cycles.

Rental Yield

Strong rental coverage: $200/week (~$867/month) covers 131% of the $661/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.

⚠️
Renovation / Flip

With 66% houses in a 159-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.

Risk Factors

Run the numbers on a Parilla property

Full Property Analysis

30-year projections for Parilla

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital-growth expectations for Parilla are modest for 2026 — incomes 8% above the SA median of $80,964 and a population of 159 suggest gains will lag headline metro markets. Rental coverage runs at ~131% of the typical mortgage ($867/month rent vs $661/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 40/100 places Parilla in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.

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Frequently Asked Questions

Is Parilla a good suburb for investment?

Parilla scores 40/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 159, median household income of $87,724/year and median weekly rent of $200. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.

What drives property demand in Parilla?

The main demand drivers in Parilla are an above-state-median household income of $87,724/year, a dwelling mix that is 66% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.

What is the population of Parilla?

Parilla has a usual resident population of approximately 159, compared with a South Australia suburb median of 3,699 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.

How far is Parilla from the Adelaide CBD?

Parilla sits 195 km straight-line from the Adelaide CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.

What is the median rent in Parilla?

The most recent census recorded a median weekly rent of $200 in Parilla, equating to approximately $10,400/year in gross rental income (state median $320/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.

What is the typical mortgage repayment in Parilla?

The median monthly mortgage repayment in Parilla is $661, or approximately $7,932/year (vs $1,616/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.

Is Parilla cash-flow positive for investors?

A median weekly rent of $200 works out to $867/month, covering 131% of the median mortgage repayment of $661/month. That means rent exceeds the median repayment by roughly $206/month, so on these numbers Parilla leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.

What are the main risks of investing in Parilla?

The main risks are a thin buyer pool (159 residents), interest-rate sensitivity on the $661 median mortgage, the broader South Australia market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.

How we built this Parilla profile

Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.

Nearby Suburbs

South Australia Property Resources