Investment property in Parkwood has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.69%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parkwood has increased when compared to the 5 year average annual rate.
Parkwood4214 is located in QLD which offers an average discount of -7.24% to property investors. Parkwood itself is showing figures that indicate -3.85% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Parkwood the average time real estate has been on the market is 49.66 days.
A $530 per week rent on the median house gives suburb investors a gross yield of circa 4.78%, without taking into account capital value appreciation, which has been averaging out at 3.47%.
Parkwood, 4214 ranked 33th in QLD when comparing growth in median property values or capital gain over the last 12 months. Parkwood is one of 2415 in our list for QLD
Parkwood,4214 was ranked 923 in Australia by increase in median property value over the quarter.
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 Parkwood, 4214. Typically our figures indicate that -2.74% is being offered, which puts this QLD suburb at 1366th most discounted overall in Australia.
Advertised rents are around the $390 mark per week – giving a return of 5.64% based on the median price in Suburb