Suburb Profile Report for Parkwood QLD (4214)

Parkwood House: Median price $573,000, Annual capital growth 3.59%, Number of sales 127, Weekly median advertised rent $530

Parkwood Unit: Median price $359,000, Annual capital growth 4.46%, Number of sales 37, Weekly median advertised rent $388

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

Source: CoreLogic

  • House Report
  • Unit Report

Parkwood, 4214 ranked 264th 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

While Parkwood,4214 ranked number 146th in QLD for increase in median house value (annualised) increase, it is ranked 147th over the last 5 years.

Vendor discounting in Parkwood is giving property investors an average Vendor Discount of around -4.00%. This puts suburb at number 781th in QLD when ranking the most discounted suburbs.

A $530 per week rent on the median house gives suburb investors a gross yield of circa 4.81%, without taking into account capital value appreciation, which has been averaging out at 3.59%.

Investment property in Parkwood has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.36%

Parkwood,4214 was ranked 480 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Parkwood is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 274th in terms of most discounted suburbs in QLD

HOUSE UNIT
$573,000 $359,000
3.24% 2.57%
6.11% 12.36%
3.59% 4.46%
$530 $388
127 37
4.81% 5.61%
46.59 44.88

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 8436
Median household income ($/weekly) 1437
Median age of persons 34
Median housing loan repayment ($/monthly) 1979
Average household size 3
  • Census Count Percent(%)
    5-14 years 1156 13.7
    25-34 years 1044 12.4
    35-44 years 1213 14.4
    45-54 years 1359 16.1
    55-64 years 963 11.4
    Others 2701 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 3084 49.8
    Not Married 2517 40.7
    Defacto Relationship 587 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5605 69.6
    Croatia 152 1.9
    Papua New Guinea 805 10.0
    United Kingdom 443 5.5
    Other 279 3.5
    Others 769 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 137 1.8
    Christianity 5475 70.7
    Hinduism 56 0.7
    Islam 170 2.2
    No Religion 1860 24.0
    Others 50 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 245 10.5
    $1,250-$1,499 253 10.8
    $1,500-$1,999 367 15.7
    $2,000-$2,499 309 13.2
    $2,500-$2,999 201 8.6
    Others 958 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2528 39.1
    Not in the labour force 1764 27.3
    Employed, worked part-time 1550 24.0
    Unemployed, looking for work 371 5.7
    Employed, away from work 246 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 746 17.2
    Technicians & trades workers 678 15.7
    Community & personal service workers 478 11.0
    Clerical & administrative workers 667 15.4
    Sales 557 12.9
    Others 1200 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 113 4.8
    Infants/Primary 748 31.8
    Secondary 588 25.0
    Technical or Further Educational Institution 164 7.0
    University or other Tertiary Institutions 689 29.3
    Others 51 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7403 93.2
    Semi-detached, row or terrace house, townhouse 530 6.7
    Flat, unit or apartment 3 0.0
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1251 48.0
    Rented 723 27.8
    Fully owned 621 23.8
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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