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Park Avenue, QLD 4701

Home » QLD Real Estate Data » Rockhampton Regional, QLD » Park Avenue, QLD 4701

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Park Avenue, QLD 4701 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Park Avenue, QLD 4701”

  1. The total adult population (15 years or older) of Park Avenue 4701 QLD is 4,236, with a median age of 36. Of those, 36.92% are married, 15.72% are divorced or separated, 39.78% are single and 7.53% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,620. The median monthly mortgage repayment for households in this suburb is $1,300 which is 19.64% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of PARK AVENUE 4701, nestled within the vibrant state of Queensland, is home to approximately 2610 households. Data from Q3 of 2023 reveal a typical house price in PARK AVENUE 4701 of $345,688. This, coupled with a median weekly rent of $402, generates an indicative yield of 6.05% – an attractive figure indicating a potential for positive cashflow which could be lucrative for property investors.

    The socio-economic score for the suburb stands at 881 out of 1217, indicating decent access to economic resources and reasonable income levels. This relative standard of living contributes to the ‘vibe’ of the neighbourhood and could potentially make the area more appealing to buyers and renters alike.

    A renter to owner ratio of 33% is slightly above the ideal range, indicating a market with slightly more rental properties than desired. However, still within the vicinity of attractiveness for investments due to lower than 45% rate.

    Perhaps most interesting is the units to houses ratio, sitting at a mere 3%. This indicates a market not oversaturated by units, likely attracting more families and longer tenancy periods which could contribute to healthy rental yields for property investors.

    Affordability is also worthy of note – the index measures at just 20 years, indicating a high affordability among residents and potential for quicker property turnover for investors.

    Supply is very low in the PARK AVENUE 4701 market. A small 0.24% of houses are currently on the market, while inventory levels stand at less than one month (0.53 months to be exact) meaning property is quickly absorbed by the market.

    In regards to building approvals, the ratio is at 0.0% which indicates a lack of new dwelling stock entering the market. Paired with low supply metrics, this could bode well for keeping the overall supply in check.

    Average days on market for homes is 43, which indicates a reasonable demand and quite a balanced market condition.

    The vacancy rate – a combined measure for both houses and units – is at a low 1.52%, indicating a high demand, making PARK AVENUE 4701 an appealing location for property investors.

    The buy search index is currently at 3, suggesting a neutral demand from buyers. While it’s not at high-demand levels, property investors shouldn’t overlook PARK AVENUE 4701 as the rest of indicators show favourable conditions.

    While some metrics rest slightly outside the ideal range, PARK AVENUE 4701 gets more points for the favorable ones. An investor-centred decision here would be beneficial and potentially profitable, with the aid of a watchful eye on market trends and further in-depth research. Consider using HtAG’s Relative Composite Score (RCS) to fully optimise your investment strategy.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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