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Parramatta Park

Suburb Profile

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

house
unit

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).

Data report can be found below

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%
demographics (median values)
Total Population
2903
Weekly Household Income
817.5
Household Size
2.00
demographics
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