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Parramatta Park
AREA REPORTS

Parramatta Park

Parramatta Park - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4870

house
unit

Property investors enjoyed capital gains of 7.87% 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 2.96% growth over a ten-year period. It ranks 3179th on our list of suburbs that property investors should look into.

PARRAMATTA PARK, 4870 has a capital gain of 7.87% for the past year, which is higher than average compared to its 2.13% growth within a five-year period.

With the median home price in PARRAMATTA PARK sitting at $480,000, and the average rent at $500, property owners could potentially earn a 5.42% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PARRAMATTA PARK are high, 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 (R).

Data report can be found below

Parramatta Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $480,000 $265,000
GROWTH REPORT
Median Quarterly 1.05% 1.92%
Median 12 month 7.87% 4.33%
Median 3 years 5.38% 16.74%
Median 5 years 2.13% 7.07%
10 years average annual 2.96% 4.13%
Weekly media advert. rent $500 $360
Time on Market 47.9 days 52.9 days
Gross Rental Yield Percent 5.42% 7.06%
demographics (median values)*
Total Population
2903
Weekly Household Income
817.5
Household Size
2.00
Age
31
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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