Perth recovery takes COVID-19 hit
While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...
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A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 0.51% growth over a ten-year period. It ranks 3619th on our list of suburbs that property investors should look into.
PARRAMATTA PARK, 4870 has a capital gain of -7.79% for the past year, which is lower than average compared to its 6.73% growth within a five-year period.
With the median home price in PARRAMATTA PARK sitting at $420,000, and the average rent at $420, property owners could potentially earn a 5.2% 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).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $420,000 | $222,500 |
| GROWTH REPORT | ||
| Median Quarterly | 7.01% | 0% |
| Median 12 month | -7.79% | -3.26% |
| Median 3 years | -8.7% | -9.18% |
| Median 5 years | 6.73% | -9.74% |
| 10 years average annual | 0.51% | -1.55% |
| Weekly media advert. rent | $420 | $330 |
| Time on Market | 69.5 days | 102.9 days |
| Gross Rental Yield Percent | 5.2% | 7.71% |
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