Suburb Profile Report for Parramatta Park QLD (4870)

Parramatta Park House: Median price $477,500, Annual capital growth 2.09%, Number of sales 40, Weekly median advertised rent $450

Parramatta Park Unit: Median price $248,000, Annual capital growth 0.79%, Number of sales 55, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Over the last year, property investments in Parramatta Park, 4870 have given investors a capital gain of 13.69%. This compares averagely with the 12.16% for QLD as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Parramatta Park comes in at number 663th in QLD.

Parramatta Park, 4870 is offering QLD ‘s 668th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this QLD.

Renters in Suburb are facing rents around $23400 per annum or $450 every week.

Parramatta Park is an average performer in QLD when comparing median price capital growth over the last year. Parramatta Park gave property investors a average capital gain figure when compared to the rest of the state, with 7.83%.

Over the longer term, Parramatta Park has seen property prices show investors a 10.22% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Parramatta Park is $248000, with sellers offering an average of -4.44% off the asking price.

Advertised rents are around the $350 mark per week – giving a return of 7.34% based on the median price in Suburb

Information supplied by:




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Parramatta Park, QLD – Slow but steady in Cairns

Postcode: 4870

Median house price: $455,000

Three-year growth: 1.1%

Rental yield: 4.8%

The suburb of Parramatta Park, which sits directly west of the Cairns CBD, is home to the Cairns Showgrounds and several schools. Houses here are reasonably priced at under $500,000, although growth is slow.

Educational institutions in the suburb include Parramatta State School, St Joseph’s Primary School and St Augustine’s College. Barlow Park stadium also serves as a facility for various sports. The industrial hub in the suburb offers opportunities for employment as well. Families favour this suburb for its peaceful atmosphere while being located near a city centre with access to amenities like a local library and a historical museum operated by the Cairns Historical Society.

Metrics i HOUSE UNIT
$477,500 $248,000
1.06% -0.80%
13.69% 7.83%
2.09% 0.79%
$450 $350
40 55
4.90% 7.34%
64.4285714285714 55.9714285714286

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3226
Median household income ($/weekly) 879
Median age of persons 33
Median housing loan repayment ($/monthly) 1634
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 331 10.3
    25-34 years 770 23.9
    35-44 years 496 15.4
    45-54 years 377 11.7
    55-64 years 329 10.2
    Others 923 28.6
    Age Group
    Census Count Percent(%)
    Not Married 1251 64.4
    Registered Married 424 21.8
    Defacto Relationship 267 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1612 64.6
    South Korea 122 4.9
    Papua New Guinea 91 3.6
    United Kingdom 107 4.3
    Other 172 6.9
    Others 390 15.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 106 4.5
    Christianity 1361 57.9
    Hinduism 37 1.6
    Other Religious Groups 45 1.9
    No Religion 776 33.0
    Others 24 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 115 11.1
    $400-$599 114 11.0
    $600-$799 116 11.2
    $800-$999 120 11.5
    $1,000-$1,249 107 10.3
    Others 468 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 862 38.7
    Not in the labour force 712 32.0
    Employed, worked part-time 411 18.5
    Unemployed, looking for work 168 7.6
    Employed, away from work 72 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 281 20.9
    Technicians & trades workers 196 14.6
    Community & personal service workers 257 19.1
    Sales 131 9.7
    Labourers 152 11.3
    Others 329 24.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 84 16.2
    Secondary 197 37.9
    Technical or Further Educational Institution 92 17.7
    University or other Tertiary Institutions 85 16.3
    Other type of educational institution 45 8.7
    Others 17 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1082 48.1
    Separate house 996 44.3
    Semi-detached, row or terrace house, townhouse 138 6.1
    House or flat attached to a shop, office 28 1.2
    Caravan, cabin, houseboat 6 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 738 67.3
    Being purchased 200 18.2
    Fully owned 148 13.5
    Other tenure type 10 0.9
    Tenure Type
Census 2011, ABS
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