Parkwood has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.24% to date .
Parkwood,4214 has offered an average of 4.24% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Parkwood are currently offering property investors an average price cut of -6.24% below the asking price at the moment.
Property value increases in Parkwood have tracked close to the QLD average of 0.65% over the last 12 months.
Across a shorter period, Parkwood, 4214 has seen a median price increase of 0.00% over the last quarter.
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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.