Property investors who have had real estate in Parkes, 2870 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.66%
Parkes,2870 has offered an average of 3.66% return per annum in house price rises to property investors over the last three years.
The most recent median price for Parkes is $255000, with sellers offering an average of -6.85% off the asking price.
At number 3470 in a list of fastest selling suburbs, Parkes is in the bottom 10% of suburbs in Australia with an average of days on market 137.35 for properties listed there.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.36%, investors should hope to achieve an overall return of 5.30%
Parkes,2870 was ranked 1532 in Australia by increase in median property value over the quarter.
Parkes, 2870’s gross rental yield is 4.83%