Investors not ‘playing’ the game could miss out big
While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 0.89% growth over a ten-year period. It ranks 3560th on our list of suburbs that property investors should look into.
PARRAMATTA PARK, 4870 has a capital gain of -4.26% for the past year, which is lower than average compared to its 30.43% growth within a five-year period.
With the median home price in PARRAMATTA PARK sitting at $450,000, and the average rent at $370, property owners could potentially earn a 4.28% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $450,000 | $222,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.1% | 0% |
| Median 12 month | -4.26% | -6.33% |
| Median 3 years | 17.65% | -7.5% |
| Median 5 years | 30.43% | 8.29% |
| 10 years average annual | 0.89% | -2.3% |
| Weekly media advert. rent | $370 | $300 |
| Time on Market | 96.8 days | 70.5 days |
| Gross Rental Yield Percent | 4.28% | 7.03% |
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