Giving property investors a a stable capital gain of 7.66% for the last year, Parkes, 2870 is the 1672th highest performer in Australia in this respect.
Across a shorter period, Parkes, 2870 has seen a median price increase of 2.56% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Parkes, 2870. Typically our figures indicate that -7.09% is being offered, which puts this NSW suburb at 1133th most discounted overall in Australia.
Residents and property investors in Parkes have been waiting around 133.35 days to sell a property.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.
At number 583th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkes, 2870 is in the top 40% with a property value increase of 6.51% recorded in median house prices.
Parkes,2870 was ranked 1254 in Australia by increase in median property value over the quarter.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 6.51%, investors should hope to achieve an overall return of 4.81%