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
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