Giving property investors a an unimpressive capital gain of 3.02% for the last year, Parkes, 2870 is the 2577th highest performer in Australia in this respect.
Across a shorter period, Parkes, 2870 has seen a median price increase of -0.58% over the last quarter.
The most recent median price for Parkes is $255500, with sellers offering an average of -7.14% off the asking price.
In the last year 185 properties changed hands in Parkes, which puts it as the 79th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 3.02%, investors should hope to achieve an overall return of 5.50%
Over the last year, property investments in Parkes, 2870 have given investors a capital gain of -2.67%. This compares very badly with the 6.96% for NSW as a whole.
The NSW suburb of Parkes, 2870 is in the Parkes local government area.