Suburb Profile Report for Parkinson QLD (4115)

Parkinson House: Median price $645,000, Annual capital growth 5.02%, Number of sales 133, Weekly median advertised rent $475

Parkinson Unit: Median price $360,000, Annual capital growth 6.67%, Number of sales 14, Weekly median advertised rent $370

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 2749th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkinson, 4115 is in the BOTTOM 40% with a property value increase of 2.38% recorded in median house prices.

A 29.78% growth in median value for property investors in Parkinson,4115 puts this suburb at number 411th in terms of best performing suburbs in QLD

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 -4.88% is being offered, which puts this QLD suburb at 2283th most discounted overall in Australia.

With the median price for a house in Parkinson being $645000 and the advertised rent reaching $475 the gross rental yield for property investors calculates out to be 3.83%

At number 1296th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkinson, 4115 is in the BOTTOM 30% with a property value increase of -2.57% recorded in median house prices.

While Parkinson,4115 ranked number 282th in QLD for increase in median house value (annualised) increase, it is ranked 65th over the last 5 years.

Vendor discounting in Parkinson is giving property investors an average Vendor Discount of around -6.90%. This puts suburb at number 74th in QLD when ranking the most discounted suburbs.

In the last year 14 properties changed hands in Parkinson, which puts it as the 349th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Parkinson being $360000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 5.34%

Metrics i HOUSE UNIT
$645,000 $360,000
0.47% -2.70%
2.38% -2.57%
5.02% 6.67%
$475 $370
133 14
3.83% 5.34%
66.04 62.91

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 9538
Median household income ($/weekly) 1933
Median age of persons 34
Median housing loan repayment ($/monthly) 2149
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 1593 16.7
    25-34 years 1245 13.1
    35-44 years 1621 17.0
    45-54 years 1501 15.7
    55-64 years 853 8.9
    Others 2726 28.6
    Age Group
    Census Count Percent(%)
    Registered Married 4115 60.7
    Not Married 2217 32.7
    Defacto Relationship 442 6.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5954 64.4
    Papua New Guinea 519 5.6
    South Africa 245 2.6
    United Kingdom 505 5.5
    Other 587 6.3
    Others 1437 15.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 362 4.0
    Christianity 6425 71.4
    Hinduism 247 2.7
    Islam 181 2.0
    No Religion 1624 18.0
    Others 162 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 217 8.4
    $1,500-$1,999 433 16.8
    $2,000-$2,499 411 16.0
    $2,500-$2,999 365 14.2
    $3,000-$3,499 217 8.4
    Others 927 36.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3379 48.2
    Not in the labour force 1660 23.7
    Employed, worked part-time 1486 21.2
    Employed, away from work 250 3.6
    Unemployed, looking for work 236 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 650 12.7
    Professionals 996 19.5
    Technicians & trades workers 709 13.9
    Clerical & administrative workers 1027 20.1
    Sales 575 11.2
    Others 1157 22.6
    Occupation
    Census Count Percent(%)
    Pre-school 137 5.1
    Infants/Primary 1091 40.6
    Secondary 782 29.1
    Technical or Further Educational Institution 191 7.1
    University or other Tertiary Institutions 417 15.5
    Others 68 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8866 96.5
    Semi-detached, row or terrace house, townhouse 325 3.5
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1603 56.7
    Fully owned 651 23.0
    Rented 538 19.0
    Other tenure type 34 1.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals