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
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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.