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Parkwood
AREA REPORTS

Parkwood

Parkwood - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4214

house
unit

Based on its average 5-year and quarterly capital gains PARKWOOD, 4214 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that PARKWOOD, 4214 obtained a 6.11% growth over a ten-year period. It ranks 1895th on our list of suburbs that property investors should look into.

PARKWOOD, 4214 in QLD belongs to the local government area of Gold Coast (C).

PARKWOOD, 4214 has a capital gain of 23.98% for the past year, which is higher than average compared to its 38.26% growth within a five-year period.

With the median home price in PARKWOOD sitting at $795,000, and the average rent at $677.5, property owners could potentially earn a 4.43% increase in gross rental yield.

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

Data report can be found below

Parkwood
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $795,000 $410,000
GROWTH REPORT
Median Quarterly 6% -4.32%
Median 12 month 23.98% 15.49%
Median 3 years 32.5% 7.82%
Median 5 years 38.26% 14.21%
10 years average annual 6.11% 6.67%
Weekly media advert. rent $677.5 N/A
Time on Market 19.2 days 0.0 days
Gross Rental Yield Percent 4.43% N/A
demographics (median values)*
Total Population
8470
Weekly Household Income
1208
Household Size
3.10
Age
32
Monthly Loan Repayment
1430
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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