NSW/
Parklea

Suburb Profile

Parklea - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2768

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unit

Property investors have seen a 4.65% 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 11.11%.

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 $900,000

Profits averaged 11.61% 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 $600 based on current median home prices for the suburb.

The gross rental yield in PARKLEA, 2768 is 3.47%.

An average of 2.42 real estate transactions take place per month in PARKLEA which translates to 29 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $900,000 $580,000
GROWTH REPORT
Median Quarterly 4.65% 3.57%
Median 12 month 11.11% 15.54%
Median 3 years 34.83% 37.77%
Median 5 years 63.64% N/A
10 years average annual 7.28% 7.06%
Weekly media advert. rent $600 $505
Time on Market 22.0 days 45.1 days
Gross Rental Yield Percent 3.47% 4.53%
demographics (median values)
Total Population
2949
Weekly Household Income
1727
Household Size
3.30
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