Parrearra, 4575 ranked 77th in QLD when comparing growth in median property values or capital gain over the last 12 months. Parrearra is one of 2415 in our list for QLD
Over the longer term, Parrearra has seen property prices show investors a 24.44% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Parrearra should be aiming for at least -5.12% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $560 mark per week – giving a return of 3.78% based on the median price in Suburb
With a capital gain of -3.00% for the last 12 months, Parrearra, 4575 has performed for property investments than its average annual 0.41% property growth over the last 5 years.
Parrearra,4575 has offered an average of -3.00% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Parrearra is offering property investors an average of -6.43. This rate of discount on properties puts Suburb at number 174th in terms of most discounted suburbs in QLD
With the median price for a house in Parrearra being $485000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 5.04%