If you compare the increase in value of investment property in Parkwood, 4214 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.25%.
Taking the average capital gain, or increase in median house value, Parkwood,4214 has racked up an average of -0.25% over the period. This ranks it number 1823th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Parkwood is offering property investors an average of -7.03. This rate of discount on properties puts Suburb at number 372th in terms of most discounted suburbs in QLD
In the last year 114 properties changed hands in Parkwood, which puts it as the 158th most active market in QLD when comparing the number of sales per suburb.
Parkwood, 4214’s gross rental yield is 4.91%
Giving property investors a a solid capital gain of 7.39% for the last year, Parkwood, 4214 is the 249th highest performer in Australia in this respect.
A 23.83% growth in median value for property investors in Parkwood,4214 puts this suburb at number 239th in terms of best performing suburbs in QLD
Renters in Suburb are facing rents around $22360 per annum or $430 every week.
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Low prices boost demand
Median unit price: $357,500
Three-year growth: 19.2%
Rental yield: 5.9%
A peaceful suburb that’s great for families, Parkwood’s appeal to residents continues to grow – demand is such that units spend just a little over a month on the market before being snatched up.
It is highly affordable, with units going for a median price of just over $350,000. While the suburb’s uptick has not been particularly significant or long-lasting thus far, it has maintained positive growth since 2015 – in the three months to June 2018, Parkwood saw a 2.6% increase in values. It’s also a good spot for investors to get into for cash flow – they reap very high returns of 5.9% off weekly rent rates of $405.
Parkwood is close to several schools, such as Arundel State School and a campus of Griffith University. The Gold Coast University Hospital is nearby, as are many shopping centres.