Powered by MOMENTUM MEDIA
AREA REPORTS

Parramatta Park

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 4.6% 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 1.56% growth over a ten-year period. It ranks 3310th on our list of suburbs that property investors should look into.

PARRAMATTA PARK, 4870 has a capital gain of 4.6% for the past year, which is higher than average compared to its 0.47% growth within a five-year period.

With the median home price in PARRAMATTA PARK sitting at $432,000, and the average rent at $400, property owners could potentially earn a 4.81% 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 $432,000 $250,400
GROWTH REPORT
Median Quarterly 3.91% 1.17%
Median 12 month 4.6% 8.87%
Median 3 years -1.37% 2%
Median 5 years 0.47% 2.73%
10 years average annual 1.56% 0.16%
Weekly media advert. rent $400 $340
Time on Market 91.4 days 49.4 days
Gross Rental Yield Percent 4.81% 7.06%
demographics (median values)
Total Population
2903
Weekly Household Income
817.5
Household Size
2.00
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Double-digit price growth to stick around as ‘property boom’ arrives

Double-digit price growth to stick around as ‘property boom’ arrives

According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...

Sydney, Melbourne boast highest capital city sales

Sydney, Melbourne boast highest capital city sales

After a COVID-induced downturn, Sydney and Melbourne have reinforced their continued recovery, logging more sales than the remaining capital...

Housing construction to ‘bottom out’ mid-2021

The construction of new homes in Australia is forecast to “get worse before it gets better”, according to Deloitte Access Economics, b...

Inner Sydney rental vacancies stabilise as exodus from middle ring continues

Inner Sydney rental vacancies stabilise as exodus from middle ring continues

Sydney’s inner ring continued to attract tenants in December as the end of 2020 brought more stability to the rental accommodation market ...

COVID trends

COVID trends: Will they continue in 2021?

Despite suffering its first recession in almost 30 years, Australian property markets remained remarkably resilient in the face of a global ...

Melbourne property ends 2020 with a $900k bang

Melbourne property ends 2020 with a $900k bang

For the first time, Metropolitan Melbourne house values have surpassed a median price of $900,000. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.