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Parkes
AREA REPORTS

Parkes

Parkes - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2870

house

Property investments in PARKES fare well against the rest of the country last year, registering a median home price increase of 11.11%.

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

Based on its average 5-year and quarterly capital gains PARKES, 2870 saw average growth in the long term.

Real estate investors could earn a rental income of $320 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 127.0 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $300,000.

PARKES ranks 71st on the list of best yielding suburbs for rental properties in NSW, posting a 5.55% return.

Data report can be found below

Parkes
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $300,000 N/A
GROWTH REPORT
Median Quarterly 0% N/A
Median 12 month 11.11% N/A
Median 3 years 17.88% N/A
Median 5 years 27.66% N/A
10 years average annual 3.04% N/A
Weekly media advert. rent $320 N/A
Time on Market 127.0 days N/A
Gross Rental Yield Percent 5.55% N/A
demographics (median values)*
Total Population
12042
Weekly Household Income
1154
Household Size
2.50
Age
39
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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