Suburb Profile Report for Parkinson QLD (4115)

Parkinson House: Median price $720,000, Annual capital growth 3.53%, Number of sales 130, Weekly median advertised rent $500

Parkinson Unit: Median price $395,000, Annual capital growth 4.25%, Number of sales 39, Weekly median advertised rent $420

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Parkinson has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.09%

When looking at the potential capital gains offered to property investors over the last 3 years, Parkinson comes in at number 700th in QLD.

Our latest figures would indicate that property sellers in Parkinson are currently offering property investors an average price cut of -2.28% below the asking price at the moment.

Property investors should expect to get $500 weekly from the median priced house in this suburb.

Over the last year, property investments in Parkinson, 4115 have given investors a capital gain of 18.80%. This compares very favourably with the 8.71% for QLD as a whole.

A 15.84% growth in median value for property investors in Parkinson,4115 puts this suburb at number 233th in terms of best performing suburbs in QLD

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 Parkinson, 4115. Typically our figures indicate that -3.92% is being offered, which puts this QLD suburb at 563th most discounted overall in Australia.

Often selling an investment property can take time, and in Parkinson the average time real estate has been on the market is 70.5 days.

Parkinson is 194th on a list of best yielding suburbs for rents in QLD with a 5.53% return

Metrics i HOUSE UNIT
$720,000 $395,000
2.35% 1.28%
9.09% 18.80%
3.53% 4.25%
$500 $420
130 39
3.61% 5.53%
32.0869565217391 70.5

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 9538
Median household income ($/weekly) 1933
Median age of persons 34
Median housing loan repayment ($/monthly) 2149
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 1593 16.7
    25-34 years 1245 13.1
    35-44 years 1621 17.0
    45-54 years 1501 15.7
    55-64 years 853 8.9
    Others 2726 28.6
    Age Group
    Census Count Percent(%)
    Registered Married 4115 60.7
    Not Married 2217 32.7
    Defacto Relationship 442 6.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5954 64.4
    Papua New Guinea 519 5.6
    South Africa 245 2.6
    United Kingdom 505 5.5
    Other 587 6.3
    Others 1437 15.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 362 4.0
    Christianity 6425 71.4
    Hinduism 247 2.7
    Islam 181 2.0
    No Religion 1624 18.0
    Others 162 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 217 8.4
    $1,500-$1,999 433 16.8
    $2,000-$2,499 411 16.0
    $2,500-$2,999 365 14.2
    $3,000-$3,499 217 8.4
    Others 927 36.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3379 48.2
    Not in the labour force 1660 23.7
    Employed, worked part-time 1486 21.2
    Employed, away from work 250 3.6
    Unemployed, looking for work 236 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 650 12.7
    Professionals 996 19.5
    Technicians & trades workers 709 13.9
    Clerical & administrative workers 1027 20.1
    Sales 575 11.2
    Others 1157 22.6
    Occupation
    Census Count Percent(%)
    Pre-school 137 5.1
    Infants/Primary 1091 40.6
    Secondary 782 29.1
    Technical or Further Educational Institution 191 7.1
    University or other Tertiary Institutions 417 15.5
    Others 68 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8866 96.5
    Semi-detached, row or terrace house, townhouse 325 3.5
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1603 56.7
    Fully owned 651 23.0
    Rented 538 19.0
    Other tenure type 34 1.2
    Tenure Type
Census 2011, ABS
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