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%.