QLD has seen average median house prices change by 2.63% which means that Parkwood, 4214 has done well for property investors by showing a capital gain of 4.74% over the last year
The five-year average increase in median property values for Parkwood,4214 has given property investors a potential capital gain of 35.45% across each of those five 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 Parkwood, 4214. Typically our figures indicate that -5.50% is being offered, which puts this QLD suburb at 1903th most discounted overall in Australia.
The QLD suburb of Parkwood, 4214 is in the Gold Coast local government area.
At number 1187th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkwood, 4214 is in the BOTTOM 40% with a property value increase of -0.85% recorded in median house prices.
Property investors looking for a bargain in Parkwood should be aiming for at least -7.56% off the asking price, which is the average vendor discount being achieved at the moment.
An education hub, the propensity of Parkwood residents to consider detached housing has led to a surge in the house market's performanceFull summary
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Education generates growth
Median house price: $617,375
Three-year growth: 26.0%
Rental yield: 4.5%
An education hub, the propensity of Parkwood residents to consider detached housing has led to a surge in the house market’s performance.
Values rose by 12.3% in the previous year, causing the median price to exceed $617,000. Nonetheless, yields are still reasonable at 4.5%. Vacancies here at tight at an average of 1.3%, signifying strong buyer interest in this area.
Parkwood’s location is a choice one – it is close to Arundel State School, a campus of Griffith University and several high schools. Various shopping centres are in the vicinity given Parkwood’s proximity to Southport, and there are several beaches nearby. The Gold Coast University Hospital is in the area as well.
Helensvale railway station is only about 6km away, and more public transport stops are expected to be added as the 2018 Commonwealth Games draw near.Close