Suburb Profile Report for Parkwood QLD (4214)

Parkwood House: Median price $607,500, Annual capital growth 2.85%, Number of sales 130, Weekly median advertised rent $540

Parkwood Unit: Median price $352,000, Annual capital growth 1.90%, Number of sales 24, Weekly median advertised rent $408

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

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
$607,500 $352,000
-1.38% 1.44%
4.74% -0.85%
2.85% 1.90%
$540 $408
130 24
4.62% 6.02%
63.18 42.47

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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