QLD has seen average median house prices change by 1.88% which means that Parrearra, 4575 has done well for property investors by showing a capital gain of 5.19% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Parrearra comes in at number 274th in QLD.
Vendor discounting in Parrearra is giving property investors an average Vendor Discount of around -3.56%. This puts suburb at number 794th in QLD when ranking the most discounted suburbs.
At number 1104 in a list of fastest selling suburbs, Parrearra is in the TOP 30% of suburbs in Australia with an average of days on market 65.25 for properties listed there.
Parrearra, 4575’s gross rental yield is 4.43%
Parrearra has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.78% to date .
Parrearra,4575 was ranked 1123 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Parrearra should be aiming for at least -3.60% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $5280 per annum or $440 every week.