Park Avenue

POSTAL CODE: QLD, 4701

HOUSE

UNIT

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 $550,000.

The upward trend in home prices in PARK AVENUE, 4701 averaged 26.78% per annum over a 3-year period.

Average weekly rents on listings have reached the $540 mark, reflecting a 5.11% increase in returns based on the current median price in PARK AVENUE.

An average of 11.08 real estate transactions take place per month in PARK AVENUE which translates to 133 per annum.

133 properties were sold in PARK AVENUE in 2016, making it the 837th most active market in QLD based on total real estate transactions.

PARK AVENUE, 4701 places 404th in Australia based on median property value growth during the quarter.

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 $600,000.

Average median unit prices in QLD have risen as a whole, pulling PARK AVENUE, 4701 values up and netting property investors a capital gain of 15.38% for the past year.

Investors saw the median home price rise to $600,000.

The upward trend in home prices in PARK AVENUE, 4701 averaged 16.67% per annum over a 3-year period.

PARK AVENUE now ranks at the 391st place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In PARK AVENUE, homes and units usually stay on listing for an average of N/A.

12 properties were sold in PARK AVENUE in 2016, making it the 391st most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$550,000	$600,000
Growth Report
Median Quarterly	4.66%	-4%
Median 12 month	20.75%	15.38%
Median 3 years	80.33%	50%
Median 5 years	131.58%	160.87%
10 years average annual	9.57%	21.77%
Weekly media advert. rent	$540	$380
Time on Market	24.1 days	N/A
Gross Rental Yield Percent	5.11%	3.29%

Demographics (Median Values)*

Total Population 5213

Weekly Household Income 838.4

Household Size 2.50

Average 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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