At number 3028th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkes, 2870 is in the BOTTOM 30% with a property value increase of 0.00% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Parkes,2870 has racked up an average of 0.00% over the period. This ranks it number 3398th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Parkes should be aiming for at least -7.34% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $265 and the average annual increase in value of a median property of 2.44%, investors should hope to achieve an overall return of 5.47%