The post-budget guide to commercial property investing

Park Avenue

POSTAL CODE: QLD, 4701
HOUSE

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

The suburb also 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 $555,500.

The upward trend in home prices in PARK AVENUE, 4701 averaged 25.45% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 5.15% increase in returns based on the current median price in PARK AVENUE.

An average of 10.83 real estate transactions take place per month in PARK AVENUE which translates to 130 per annum.

130 properties were sold in PARK AVENUE in 2016, making it the 832nd most active market in QLD based on total real estate transactions.

PARK AVENUE, 4701 places 790th in Australia based on median property value growth during the quarter.

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