A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 1.76% growth over a ten-year period. It ranks 3420th on our list of suburbs that property investors should look into.
PARRAMATTA PARK, 4870 has a capital gain of -2.39% for the past year, which is lower than average compared to its 12.15% growth within a five-year period.
With the median home price in PARRAMATTA PARK sitting at $450,000, and the average rent at $385, property owners could potentially earn a 4.45% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PARRAMATTA PARK are low, as opposed to average gains per annum over the past five years.
PARRAMATTA PARK, 4870 in QLD belongs to the local government area of Cairns.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.39%||-5.1%|
|Median 3 years||20%||-5.68%|
|Median 5 years||12.15%||10.71%|
|10 years average annual||1.76%||-1.87%|
|Weekly media advert. rent||$385||$300|
|Time on Market||60.4 days||87.6 days|
|Gross Rental Yield Percent||4.45%||6.71%|