Suburb Profile Report for Parkwood QLD (4214)

Parkwood House: Median price $685,000, Annual capital growth 3.91%, Number of sales 154, Weekly median advertised rent $600

Parkwood Unit: Median price $352,000, Annual capital growth 2.68%, Number of sales 21, Weekly median advertised rent $450

  • 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.

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Property value increases in Parkwood have tracked close to the QLD average of 12.16% over the last 12 months.

A 24.20% growth in median value for property investors in Parkwood,4214 puts this suburb at number 377th in terms of best performing suburbs in QLD

Property buyers and investors in Parkwood 4214 should be seeing an average reduction in asking price of around -4.50% . This means that Parkwood is holding prices well when compared to other suburbs in QLD.

Property investors should expect to get $600 weekly from the median priced house in this suburb.

Over the last year, property investments in Parkwood, 4214 have given investors a capital gain of -7.37%. This compares very badly with the 8.71% for QLD as a whole.

Comparing Parkwood,4214 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

In the last year 21 properties changed hands in Parkwood, which puts it as the 318th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $450 mark per week – giving a return of 6.65% based on the median price in Suburb

Information supplied by:


September 2018

M
O

W
E

Low prices boost demand

Postcode: 4214

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.

Metrics i HOUSE UNIT
$685,000 $352,000
4.74% -0.85%
11.38% -7.37%
3.91% 2.68%
$600 $450
154 21
4.55% 6.65%
35.8434782608696 82.5454545454546

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 (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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