If you compare the increase in value of investment property in Parrearra, 4575 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.67%.
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.
LACK OF BUYER INTEREST may well be the reason that Parrearra is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 795th in terms of most discounted suburbs in QLD
Parrearra is 469th on a list of best yielding suburbs for rents in QLD with a 4.52% return
Giving property investors a an average capital gain of 3.45% for the last year, Parrearra, 4575 is the 819th highest performer in Australia in this respect.
Parrearra,4575 was ranked 461 in Australia by increase in median property value over the quarter.
Property buyers and investors in Parrearra 4575 should be seeing an average reduction in asking price of around -3.56% . This means that Parrearra is holding prices well when compared to other suburbs in QLD.
In the last year 79 properties changed hands in Parrearra, which puts it as the 123th most active market in QLD when comparing the number of sales per suburb.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 5.08%, without taking into account capital value appreciation, which has been averaging out at 2.04%.