Parklea

POSTAL CODE: NSW, 2768

HOUSE

UNIT

Property investors have seen a -0.33% drop in PARKLEA based on a decrease 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 $1,500,000

Profits averaged 10.67% 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 $840 based on current median home prices for the suburb.

The gross rental yield in PARKLEA, 2768 is 2.91%.

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

Property investments in PARKLEA did not fare well against the rest of the country last year, registering a median home price decrease of 2.53%.

Figures from the previous quarter show that capital gains for real estate buyers in PARKLEA are high, as opposed to average gains per annum over the past five years.

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

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

It is expected for properties to spend some time on the market prior to a successful sale. In PARKLEA, homes and units usually stay on listing for an average of 38 days.

the NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $688,000

Investors saw the median home price rise to $688,000.

PARKLEA ranks 638th on the list of best yielding suburbs for rental properties in NSW, posting a N/A return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,500,000	$688,000
Growth Report
Median Quarterly	-0.33%	0.81%
Median 12 month	3.32%	2.53%
Median 3 years	32.74%	14.19%
Median 5 years	56.01%	0%
10 years average annual	7.11%	5.53%
Weekly media advert. rent	$840	N/A
Time on Market	30.6 days	38 days
Gross Rental Yield Percent	2.91%	0%

Demographics (Median Values)*

Total Population 28762

Weekly Household Income 2400

Household Size 3.50

Average 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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