Suburb Profile Report for Parkwood QLD (4214)

Parkwood House: Median price $569,000, Annual capital growth 3.70%, Number of sales 124, Weekly median advertised rent $530

Parkwood Unit: Median price $355,000, Annual capital growth 4.05%, Number of sales 33, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$569,000 $355,000
3.45% 2.31%
5.37% 11.29%
3.70% 4.05%
$530 $380
124 33
4.84% 5.57%
51.08 45.62

Source: CoreLogic

DSR Score for property investment : Good (H), 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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