Over the last year, property investments in Parrearra, 4575 have given investors a capital gain of 7.42%. This compares very favourably with the 0.14% for QLD as a whole.
The five-year average increase in median property values for Parrearra,4575 has given property investors a potential capital gain of 29.91% across each of those five years.
Property buyers and investors in Parrearra 4575 should be seeing an average reduction in asking price of around -5.90% . This means that Parrearra is holding prices well when compared to other suburbs in QLD.
Advertised rents are around the $560 mark per week – giving a return of 3.83% based on the median price in Suburb
Parrearra has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.48% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parrearra has increased when compared to the 5 year average annual rate.
The most recent median price for Parrearra is $492500, with sellers offering an average of -4.95% off the asking price.
With the median price for a house in Parrearra being $492500 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 4.96%