Parramatta Park has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -4.51% to date .
The five-year average increase in median property values for Parramatta Park,4870 has given property investors a potential capital gain of 15.38% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Parramatta Park is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 339th in terms of most discounted suburbs in QLD
Giving property investors a a poor capital gain of -5.93% for the last year, Parramatta Park, 4870 is the 1436th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Parramatta Park,4870 has racked up an average of -5.93% over the period. This ranks it number 1558th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Parramatta Park, 4870. Typically our figures indicate that -7.01% is being offered, which puts this QLD suburb at 268th most discounted overall in Australia.
With the median price for a house in Parramatta Park being $230000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 7.46%