Property investors enjoyed capital gains of 6.26% over the last 12 months in PARRAMATTA PARK, 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 the QLD suburb obtained a 3.35% growth over a ten-year period. It ranks 2455th on our list of suburbs that property investors should look into.
PARRAMATTA PARK, 4870 has a capital gain of 6.26% for the past year, which is higher than average compared to its 19.3% growth within a five-year period.
With the median home price in PARRAMATTA PARK sitting at $471,250, and the average rent at $380, property owners could potentially earn a 4.19% increase in gross rental yield.
PARRAMATTA PARK, 4870 in QLD belongs to the local government area of Cairns.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.26%||-3.53%|
|Median 3 years||27.36%||1.89%|
|Median 5 years||19.3%||20.4%|
|10 years average annual||3.35%||-1.52%|
|Weekly media advert. rent||$380||$315|
|Time on Market||52.4 days||85.8 days|
|Gross Rental Yield Percent||4.19%||6.77%|