With a capital gain of 6.78% for the last 12 months, Parkes, 2870 has performed for property investments than its average annual 3.62% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Parkes,2870 has racked up an average of 6.78% over the period. This ranks it number 2974th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Parkes 2870 should be seeing an average reduction in asking price of around -7.53% . This means that Parkes is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Parkes have been waiting around 132.83 days to sell a property.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 5.37%, without taking into account capital value appreciation, which has been averaging out at 3.62%.