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Park Avenue
AREA REPORTS

Park Avenue

Park Avenue - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4701

house
unit

PARK AVENUE, 4701 ranks 1939th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.11% for property investors.

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 $277,000.

The upward trend in home prices in PARK AVENUE, 4701 averaged 13.54% per annum over a 3-year period.

Average weekly rents on listings have reached the $350 mark, reflecting a 6.57% increase in returns based on the current median price in PARK AVENUE.

An average of 13.25 real estate transactions take place per month in PARK AVENUE which translates to 159 per annum.

159 properties were sold in PARK AVENUE in 2016, making it the 792nd most active market in QLD based on total real estate transactions.

PARK AVENUE, 4701 places 760th in Australia based on median property value growth during the quarter.

Data report can be found below

Park Avenue
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $277,000 $250,000
GROWTH REPORT
Median Quarterly 2.59% 12.61%
Median 12 month 23.11% N/A
Median 3 years 40.61% N/A
Median 5 years 30.66% N/A
10 years average annual 1.33% N/A
Weekly media advert. rent $350 $260
Time on Market 52.6 days 101.2 days
Gross Rental Yield Percent 6.57% 5.41%
demographics (median values)*
Total Population
5213
Weekly Household Income
838.4
Household Size
2.50
Age
36
Monthly Loan Repayment
867
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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