Suburb Profile Report for Parkwood QLD (4214)

Parkwood House: Median price $600,000, Annual capital growth 2.67%, Number of sales 132, Weekly median advertised rent $550

Parkwood Unit: Median price $352,000, Annual capital growth 1.86%, Number of sales 27, Weekly median advertised rent $405

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of -1.64% for the last 12 months, Parkwood, 4214 has performed for property investments than its average annual 2.67% property growth over the last 5 years.

Parkwood,4214 was ranked 3205 in Australia by increase in median property value over the quarter.

The most recent median price for Parkwood is $600000, with sellers offering an average of -5.60% off the asking price.

The QLD suburb of Parkwood, 4214 is in the Gold Coast local government area.

If you compare the increase in value of investment property in Parkwood, 4214 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 -1.40%.

Our latest figures would indicate that property sellers in Parkwood are currently offering property investors an average price cut of -7.01% below the asking price at the moment.

Advertised rents are around the $405 mark per week – giving a return of 5.98% based on the median price in Suburb

Information supplied by:


January 2018

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An education hub, the propensity of Parkwood residents to consider detached housing has led to a surge in the house market's performanceFull summary

Education generates growth

Postcode: 4214

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
Metrics i HOUSE UNIT
$600,000 $352,000
-1.80% 0.57%
-1.64% -1.40%
2.67% 1.86%
$550 $405
132 27
4.77% 5.98%
66.85 44.23

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 8436
Median household income ($/weekly) 1437
Median age of persons 34
Median housing loan repayment ($/monthly) 1979
Average household size 3
  • Census Count Percent(%)
    5-14 years 1156 13.7
    25-34 years 1044 12.4
    35-44 years 1213 14.4
    45-54 years 1359 16.1
    55-64 years 963 11.4
    Others 2701 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 3084 49.8
    Not Married 2517 40.7
    Defacto Relationship 587 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5605 69.6
    Croatia 152 1.9
    Papua New Guinea 805 10.0
    United Kingdom 443 5.5
    Other 279 3.5
    Others 769 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 137 1.8
    Christianity 5475 70.7
    Hinduism 56 0.7
    Islam 170 2.2
    No Religion 1860 24.0
    Others 50 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 245 10.5
    $1,250-$1,499 253 10.8
    $1,500-$1,999 367 15.7
    $2,000-$2,499 309 13.2
    $2,500-$2,999 201 8.6
    Others 958 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2528 39.1
    Not in the labour force 1764 27.3
    Employed, worked part-time 1550 24.0
    Unemployed, looking for work 371 5.7
    Employed, away from work 246 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 746 17.2
    Technicians & trades workers 678 15.7
    Community & personal service workers 478 11.0
    Clerical & administrative workers 667 15.4
    Sales 557 12.9
    Others 1200 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 113 4.8
    Infants/Primary 748 31.8
    Secondary 588 25.0
    Technical or Further Educational Institution 164 7.0
    University or other Tertiary Institutions 689 29.3
    Others 51 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7403 93.2
    Semi-detached, row or terrace house, townhouse 530 6.7
    Flat, unit or apartment 3 0.0
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1251 48.0
    Rented 723 27.8
    Fully owned 621 23.8
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals