Parramatta Park

POSTAL CODE: QLD, 4870

HOUSE

UNIT

Property investors enjoyed capital gains of 1.43% 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 4.79% growth over a ten-year period. It ranks 3211th on our list of suburbs that property investors should look into.

PARRAMATTA PARK, 4870 has a capital gain of 1.43% for the past year, which is lower than average compared to its 51.01% growth within a five-year period.

With the median home price in PARRAMATTA PARK sitting at $672,000, and the average rent at $550, property owners could potentially earn a 4.26% 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.

Based on its average 5-year and quarterly capital gains PARRAMATTA PARK, 4870 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 6.75% growth over a ten-year period. It ranks 539th on our list of suburbs that property investors should look into.

PARRAMATTA PARK, 4870 in QLD belongs to the local government area of Cairns.

PARRAMATTA PARK, 4870 has a capital gain of 10.9% for the past year, which is lower than average compared to its 72.12% growth within a five-year period.

With the median home price in PARRAMATTA PARK sitting at $447,500, and the average rent at $475, property owners could potentially earn a 5.52% 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.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$672,000	$447,500
Growth Report
Median Quarterly	7.61%	7.83%
Median 12 month	1.43%	10.9%
Median 3 years	31.12%	49.17%
Median 5 years	51.01%	72.12%
10 years average annual	4.79%	6.75%
Weekly media advert. rent	$550	$475
Time on Market	60.4 days	34.7 days
Gross Rental Yield Percent	4.26%	5.52%

Demographics (Median Values)*

Total Population 2903

Weekly Household Income 817.5

Household Size 2.00

Average 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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