At number 1827th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkwood, 4214 is in the top half with a property value increase of 5.37% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Parkwood comes in at number 97th in QLD.
LACK OF BUYER INTEREST may well be the reason that Parkwood is offering property investors an average of -7.31. This rate of discount on properties puts Suburb at number 774th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 3.70%, investors should hope to achieve an overall return of 4.84%
Property value increases in Parkwood have tracked higher than the QLD average of 1.70% over the last 12 months.
If we look at median property appreciation over just the last three months, Parkwood has given property investors a paper return of 2.31%. This puts Suburb as 91 on a list of fastest fasting appreciating suburbs in QLD
Sellers are offering property buyers an average discount of -3.95% to buyers in Parkwood at the moment, which is less than average for the rest of QLD.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.