$3m-plus suburbs double during the pandemic as allure of luxury property grows
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
The suburb’s capital gain of 11.59% for the past year is higher than average compared to its 20.37% growth within a five-year period.
Also in PARKLANDS, the median home price is sitting at $325,000, and the average rent at $322.5, this suggests property owners could potentially earn a 5.16% increase in gross rental yield.
Property investors have seen a -1.52% drop in PARKLANDS based on a decrease in median home prices for the past three months.
They believe that homeowners and real estate investors betting on PARKLANDS, 7320 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 11.59%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.43% growth over a ten-year period. It ranks 2820th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $325,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.52% | N/A |
| Median 12 month | 11.59% | N/A |
| Median 3 years | 31.31% | N/A |
| Median 5 years | 20.37% | N/A |
| 10 years average annual | 2.43% | N/A |
| Weekly media advert. rent | $322.5 | N/A |
| Time on Market | 31.0 days | N/A |
| Gross Rental Yield Percent | 5.16% | N/A |
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
As mortgage rates hit historical lows, Aussies are increasingly wondering whether it’s cheaper to buy or rent. ...
With wages growth at record-low levels, a property expert has warned continuing low and flat wages could impede home price growth. ...
Despite momentary disruptions, the auction market found a way to thrive and boom amid the impact of COVID-19. ...
Residential housing construction costs are trending higher as dwelling approvals for houses continue to reach record highs, a new report has...
With one in five city residents tipped to move to the regions, experts are pressing for reforms to improve limited supply, inadequate infras...
Get notifications in real-time for staying up to date with content that matters to you.
