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
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Parramatta Park, QLD – Slow but steady in Cairns
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.