Property value increases in Parkinson have tracked just higher than the QLD average of 2.40% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parkinson has increased when compared to the 5 year average annual rate.
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 Parkinson, 4115. Typically our figures indicate that -4.02% is being offered, which puts this QLD suburb at 3142th most discounted overall in Australia.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 5.45%, investors should hope to achieve an overall return of 3.99%
Giving property investors a a poor capital gain of -17.86% for the last year, Parkinson, 4115 is the 1667th highest performer in Australia in this respect.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in Parkinson itself are offering an average vendor discount of -5.08% to real estate investors.
The QLD suburb of Parkinson, 4115 is in the Brisbane local government area.