QLD has seen average median house prices change by 2.06% which means that Parramatta Park, 4870 has done well for property investors by showing a capital gain of 10.17% over the last year
While Parramatta Park,4870 ranked number 607th in QLD for increase in median house value (annualised) increase, it is ranked 70th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Parramatta Park, 4870. Typically our figures indicate that -4.31% is being offered, which puts this QLD suburb at 3049th most discounted overall in Australia.
At number 937 in a list of fastest selling suburbs, Parramatta Park is in the TOP 30% of suburbs in Australia with an average of days on market 61.15 for properties listed there.
A $372.5 per week rent on the median house gives suburb investors a gross yield of circa 4.09%, without taking into account capital value appreciation, which has been averaging out at 3.36%.
Over the last year, property investments in Parramatta Park, 4870 have given investors a capital gain of -1.82%. This compares badly with the 0.98% for QLD as a whole.
Comparing Parramatta Park,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Parramatta Park4870 is located in QLD which offers an average discount of -6.14% to property investors. Parramatta Park itself is showing figures that indicate -8.75% is the average achievable by property buyers investing in the suburb.
At number 770 in a list of fastest selling suburbs, Parramatta Park is just in the bottom half of suburbs in Australia with an average of days on market 79.82 for properties listed there.
Situated 1386.78km from the CBD, Parramatta Park is one of Cairns localities in the postcode 4870.