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The suburb’s capital gain of 5.69% for the past year is higher than average compared to its 7% growth within a five-year period.
Also in PARKLANDS, the median home price is sitting at $260,000, and the average rent at $295, this suggests property owners could potentially earn a 5.9% increase in gross rental yield.
Property investors have seen a -7.96% drop in PARKLANDS based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 1.31% growth over a ten-year period. It ranks 3427th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $260,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -7.96% | N/A |
| Median 12 month | 5.69% | N/A |
| Median 3 years | -5.11% | N/A |
| Median 5 years | 7% | N/A |
| 10 years average annual | 1.31% | N/A |
| Weekly media advert. rent | $295 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 5.9% | N/A |
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