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Parklea
AREA REPORTS

Parklea

Parklea - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2768

house
unit

Property investors have seen a 3.09% gain in PARKLEA based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on PARKLEA, 2768 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 29.03%.

Based on its average 5-year and quarterly capital gains PARKLEA, 2768 saw average growth in the long term.

The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,200,000

Profits averaged 13.73% per annum over a 3-year period, due to an upward trend in home prices in PARKLEA, 2768.

This means, real estate investors could earn a rental income of $607.5 based on current median home prices for the suburb.

The gross rental yield in PARKLEA, 2768 is 2.63%.

An average of 2.17 real estate transactions take place per month in PARKLEA which translates to 26 per annum.

Data report can be found below

Parklea
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,200,000 $532,475
GROWTH REPORT
Median Quarterly 3.09% 4.41%
Median 12 month 29.03% N/A
Median 3 years 41.18% N/A
Median 5 years 41.18% -1.39%
10 years average annual 8.54% 6.26%
Weekly media advert. rent $607.5 $475
Time on Market 17.5 days 71.1 days
Gross Rental Yield Percent 2.63% 4.64%
demographics (median values)*
Total Population
28762
Weekly Household Income
2400
Household Size
3.50
Age
34
Monthly Loan Repayment
2492
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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