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 2.71% growth over a ten-year period. It ranks 2604th on our list of suburbs that property investors should look into.
PARKWOOD, 4214 in QLD belongs to the local government area of Gold Coast.
PARKWOOD, 4214 has a capital gain of 1.78% for the past year, which is lower than average compared to its 34.94% growth within a five-year period.
With the median home price in PARKWOOD sitting at $600,500, and the average rent at $540, property owners could potentially earn a 4.68% 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.
Property investors enjoyed capital gains of 2.14% over the last 12 months in PARKWOOD, translating to lower returns compared with its peers in QLD.
PARKWOOD, 4214 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 $357,500.
Profits due to an upward trend in home prices in PARKWOOD, 4214 averaged 6.39% per annum over a 3-year period.
Home owners selling their properties and realtors in PARKWOOD usually have to wait an average of 45.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $405 mark, reflecting a 5.89% increase in returns based on the current median price in PARKWOOD.
PARKWOOD, 4214 places 69th in Australia based on median property value growth during the quarter.