Suburb Profile Report for Parkwood QLD (4214)

Parkwood House: Median price $615,000, Annual capital growth 2.77%, Number of sales 117, Weekly median advertised rent $565

Parkwood Unit: Median price $375,000, Annual capital growth 2.77%, Number of sales 12, Weekly median advertised rent $430

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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.

Information supplied by:


September 2018

M
O

W
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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
$615,000 $375,000
0.82% 0.00%
4.24% -1.38%
2.77% 2.77%
$565 $430
117 12
4.78% 5.96%
70.2127659574468 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (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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