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Parklea
AREA REPORTS

Parklea

Parklea - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2768

house

Property investors have seen a 2.83% gain in PARKLEA based on an increase in median home prices for the past three months.

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 $961,500

Profits averaged 2.28% 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 $590 based on current median home prices for the suburb.

The gross rental yield in PARKLEA, 2768 is 3.19%.

An average of 2.33 real estate transactions take place per month in PARKLEA which translates to 28 per annum.

Data report can be found below

Parklea
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $961,500 N/A
GROWTH REPORT
Median Quarterly 2.83% N/A
Median 12 month 3.95% N/A
Median 3 years 6.83% N/A
Median 5 years 18.7% N/A
10 years average annual 6.62% N/A
Weekly media advert. rent $590 N/A
Time on Market 19.3 days N/A
Gross Rental Yield Percent 3.19% N/A
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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