Suburb Profile Report for Parkwood QLD (4214)

Parkwood House: Median price $554,000, Annual capital growth 3.77%, Number of sales 135, Weekly median advertised rent $520

Parkwood Unit: Median price $347,000, Annual capital growth 4.99%, Number of sales 36, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Parkwood is an average performer in QLD when comparing median price capital growth over the last year. Parkwood gave property investors a average capital gain figure when compared to the rest of the state, with 3.55%.

Over the longer term, Parkwood has seen property prices show investors a 23.11% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Parkwood 4214 should be seeing an average reduction in asking price of around -3.49% . This means that Parkwood is holding prices well when compared to other suburbs in QLD.

If you compare the increase in value of investment property in Parkwood, 4214 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 10.16%.

Parkwood,4214 was ranked 1018 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Parkwood should be aiming for at least -4.55% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Parkwood the average time real estate has been on the market is 47.84 days.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.69%, without taking into account capital value appreciation, which has been averaging out at 4.99%.

HOUSE UNIT
$554,000 $347,000
0.16% -0.43%
3.55% 10.16%
3.77% 4.99%
$520 $380
135 36
4.88% 5.69%
49.94 47.84

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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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