Suburb Profile Report for Park Avenue QLD (4701)

Park Avenue House: Median price $240,000, Annual capital growth 0.07%, Number of sales 79, Weekly median advertised rent $290

  • 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.

  • House Report

If you compare the increase in value of investment property in Park Avenue, 4701 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 23.08%.

Over the longer term, Park Avenue has seen property prices show investors a 17.07% return over the last 3 years. This is an improvement over the last 12 months

Our latest figures would indicate that property sellers in Park Avenue are currently offering property investors an average price cut of -9.22% below the asking price at the moment.

With the median price for a house in Park Avenue being $240000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.28%

Metrics i HOUSE UNIT
$240,000 N/A
6.67% N/A
23.08% N/A
0.07% N/A
$290 N/A
79 N/A
6.28% N/A
83.1159420289855 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 : Balanced (H), Balanced (U)
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Demographics
Total population 5366
Median household income ($/weekly) 995
Median age of persons 36
Median housing loan repayment ($/monthly) 1523
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 634 11.8
    25-34 years 772 14.4
    35-44 years 627 11.7
    45-54 years 626 11.7
    55-64 years 607 11.3
    Others 2100 39.1
    Age Group
    Census Count Percent(%)
    Not Married 1748 46.1
    Registered Married 1576 41.6
    Defacto Relationship 466 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4586 92.8
    Papua New Guinea 71 1.4
    Philippines 42 0.8
    United Kingdom 55 1.1
    Other 76 1.5
    Others 113 2.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 0.8
    Christianity 3619 76.2
    Islam 18 0.4
    Other Religious Groups 28 0.6
    No Religion 1032 21.7
    Others 12 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 177 9.8
    $400-$599 275 15.2
    $600-$799 193 10.7
    $1,000-$1,249 192 10.6
    $1,500-$1,999 230 12.7
    Others 737 40.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1574 39.5
    Not in the labour force 1440 36.2
    Employed, worked part-time 674 16.9
    Unemployed, looking for work 148 3.7
    Employed, away from work 145 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 294 12.3
    Technicians & trades workers 428 17.9
    Community & personal service workers 265 11.1
    Clerical & administrative workers 352 14.7
    Labourers 373 15.6
    Others 683 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 37 4.0
    Infants/Primary 397 42.6
    Secondary 293 31.4
    Technical or Further Educational Institution 79 8.5
    University or other Tertiary Institutions 97 10.4
    Others 29 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4477 90.9
    Flat, unit or apartment 255 5.2
    Semi-detached, row or terrace house, townhouse 186 3.8
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 720 36.0
    Fully owned 641 32.1
    Being purchased 595 29.8
    Other tenure type 43 2.2
    Tenure Type
Census 2011, ABS
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