Giving property investors a an unimpressive capital gain of -2.44% for the last year, Parkwood, 4214 is the 3205th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Parkwood comes in at number 351th in QLD.
Property investors looking for a bargain in Parkwood should be aiming for at least -7.01% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 142 properties changed hands in Parkwood, which puts it as the 122th most active market in QLD when comparing the number of sales per suburb.
Situated 63.27km from the CBD, Parkwood is one of Gold Coast (C) localities in the postcode 4214.
Parkwood is in the TOP 30% in QLD when comparing median price capital growth over the last year. Parkwood gave property investors a good capital gain figure when compared to the rest of the state, with 3.62%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parkwood has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Parkwood should be aiming for at least -8.37% off the asking price, which is the average vendor discount being achieved at the moment.
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
Information supplied by:
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