Property investors enjoyed capital gains of 2.87% over the last 12 months in PARKINSON, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in PARKINSON are low, as opposed to average gains per annum over the past five years.
The suburb posted a 13.95% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $467.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $467.5 mark, reflecting a 3.66% increase in returns based on the current median price in PARKINSON.
PARKINSON, 4115 ranks 433rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 625th on the list of best yielding suburbs for rental properties in QLD, posting a 3.66% return.
Property investors have seen a 2.62% gain in PARKINSON based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on PARKINSON, 4115 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 17.57%.
Based on its average 5-year and quarterly capital gains PARKINSON, 4115 saw average growth in the long term.
PARKINSON, 4115 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 $411,500.
Profits due to an downward trend in home prices in PARKINSON, 4115 averaged -0.67% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $375 based on current median home prices for the suburb.
The gross rental yield in PARKINSON, 4115 is 4.74%.
An average of 1.83 real estate transactions take place per month in PARKINSON which translates to 22 per annum.
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