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Property investors enjoyed capital gains of 23.65% over the last 12 months in PARKWOOD, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 2.18% growth over a ten-year period. It ranks 3402nd on our list of suburbs that property investors should look into.
PARKWOOD, 6147 has a capital gain of 23.65% for the past year, which is higher than average compared to its 6.19% growth within a five-year period.
With the median home price in PARKWOOD sitting at $515,000, and the average rent at $437.5, property owners could potentially earn a 4.42% increase in gross rental yield.
A 23.65% increase in median property prices in PARKWOOD, 6147 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 90th.
Figures from the previous quarter show that capital gains for real estate buyers in PARKWOOD are high, as opposed to average gains per annum over the past five years.
PARKWOOD, 6147 in WA belongs to the local government area of Canning (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||23.65%||13.58%|
|Median 3 years||14.44%||N/A|
|Median 5 years||6.19%||N/A|
|10 years average annual||2.18%||13.58%|
|Weekly media advert. rent||$437.5||$375|
|Time on Market||25.7 days||40.0 days|
|Gross Rental Yield Percent||4.42%||5.69%|