Property investors who have had real estate in Parkwood, 4214 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.44%
The five-year average increase in median property values for Parkwood,4214 has given property investors a potential capital gain of 33.33% across each of those five years.
Property investors looking for a bargain in Parkwood should be aiming for at least -5.59% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 2.59%, investors should hope to achieve an overall return of 4.77%
Investment property in Parkwood has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.17%
Vendor discounting in Parkwood is giving property investors an average Vendor Discount of around -6.85%. This puts suburb at number 72th in QLD when ranking the most discounted suburbs.
In the last year 22 properties changed hands in Parkwood, which puts it as the 273th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 1.63%, investors should hope to achieve an overall return of 6.03%
A peaceful suburb that’s great for families, Parkwood’s appeal to residents continues to grow – demand is such that units spend just a little over a month on the market before being snatched upFull summary
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Low prices boost demand
Median unit price: $357,500
Three-year growth: 19.2%
Rental yield: 5.9%
A peaceful suburb that’s great for families, Parkwood’s appeal to residents continues to grow – demand is such that units spend just a little over a month on the market before being snatched up.
It is highly affordable, with units going for a median price of just over $350,000. While the suburb’s uptick has not been particularly significant or long-lasting thus far, it has maintained positive growth since 2015 – in the three months to June 2018, Parkwood saw a 2.6% increase in values. It’s also a good spot for investors to get into for cash flow – they reap very high returns of 5.9% off weekly rent rates of $405.
Parkwood is close to several schools, such as Arundel State School and a campus of Griffith University. The Gold Coast University Hospital is nearby, as are many shopping centres.Close