Giving property investors a an average capital gain of 4.58% for the last year, Parkes, 2870 is the 2021th highest performer in Australia in this respect.
A 9.13% growth in median value for property investors in Parkes,2870 puts this suburb at number 1086th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -7.17% to buyers in Parkes at the moment, which is less than average for the rest of NSW.
In the last year 197 properties changed hands in Parkes, which puts it as the 68th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Parkes being $251000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.39%
Across a shorter period, Parkes, 2870 has seen a median price increase of 15.89% over the last quarter.
Property investors should expect to get $250 weekly from the median priced house in this suburb.