Parrearra, 4575 ranked 249th 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
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.
Advertised rents are around the $550 mark per week – giving a return of 4.27% based on the median price in Suburb
Parrearra, 4575 ranked 44th 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
When looking at the potential capital gains offered to property investors over the last 3 years, Parrearra comes in at number 54th in QLD.
In the last year 86 properties changed hands in Parrearra, which puts it as the 113th most active market in QLD when comparing the number of sales per suburb.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.72%, without taking into account capital value appreciation, which has been averaging out at 3.32%.