At number 2432th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkwood, 4214 is in the BOTTOM 50% with a property value increase of 2.80% recorded in median house prices.
Across a shorter period, Parkwood, 4214 has seen a median price increase of -0.64% over the last quarter.
Property buyers and investors in Parkwood 4214 should be seeing an average reduction in asking price of around -3.73% . This means that Parkwood is holding prices well when compared to other suburbs in QLD.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 4.92%, without taking into account capital value appreciation, which has been averaging out at 3.57%.
Giving property investors a a stable capital gain of 9.57% for the last year, Parkwood, 4214 is the 438th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Parkwood has given property investors a paper return of 4.09%. This puts Suburb as 42 on a list of fastest fasting appreciating suburbs in QLD
The most recent median price for Parkwood is $343500, with sellers offering an average of -4.98% off the asking price.
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 4.31%, investors should hope to achieve an overall return of 5.75%