A steady increase in median property prices over a five-year period in the suburb translates to a 13.45% capital gain.
It 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 $675,000
The augmented property values in the suburb are trailing above the territorial average of 2.8% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $555.
Home owners selling their properties and realtors in PARREARRA usually have to wait an average of 83.1 days days before their assets are lifted off the market.
The QLD suburb ranks 496th on the list of best yielding suburbs for rental properties in QLD, posting a 4.28% return.
It also places places 347th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 1.67% over the last 12 months in PARREARRA, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that PARREARRA, 4575 obtained a 2.81% growth over a ten-year period. It ranks 1118th on our list of suburbs that property investors should look into.
PARREARRA, 4575 has a capital gain of 1.67% for the past year, which is lower than average compared to its 30.13% growth within a five-year period.
With the median home price in PARREARRA sitting at $488,000, and the average rent at $440, property owners could potentially earn a 4.69% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PARREARRA are low, as opposed to average gains per annum over the past five years.
PARREARRA, 4575 in QLD belongs to the local government area of Sunshine Coast.