NSW has seen average median house prices change by 8.99% which means that Parklea, 2768 has done well for property investors by showing a capital gain of 7.60% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parklea has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Parklea is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 1175th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Parklea the average time real estate has been on the market is 66.71 days.
If you compare the increase in value of investment property in Parklea, 2768 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.58%.
Parklea,2768 was ranked 184 in Australia by increase in median property value over the quarter.
Situated 30.67km from the CBD, Parklea is one of Blacktown localities in the postcode 2768.