At number 1903th in the list of Australian suburbs ordered by increase in median house value over the last year, Parklea, 2768 is in the top half with a property value increase of 8.37% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Parklea comes in at number 959th in NSW.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 3.45%, without taking into account capital value appreciation, which has been averaging out at 7.39%.
Parklea has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.56% to date .
With the median price for a house in Parklea being $570000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 4.56%