Investment property in Parrearra has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.81%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parrearra has increased when compared to the 5 year average annual rate.
Parrearra4575 is located in QLD which offers an average discount of -7.10% to property investors. Parrearra itself is showing figures that indicate -4.30% is the average achievable by property buyers investing in the suburb.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 4.29%, without taking into account capital value appreciation, which has been averaging out at 3.47%.
Investment property in Parrearra 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 13.79%
A 25.32% growth in median value for property investors in Parrearra,4575 puts this suburb at number 128th in terms of best performing suburbs in QLD
Vendor discounting in Parrearra is giving property investors an average Vendor Discount of around -3.27%. This puts suburb at number 287th in QLD when ranking the most discounted suburbs.