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Parkhurst, QLD 4702

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 Parkhurst, QLD 4702 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 

2BR

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5BR

Rent 

2BR

3BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

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 “Parkhurst, QLD 4702”

  1. The total adult population (15 years or older) of Parkhurst 4702 QLD is 2,255, with a median age of 32. Of those, 51.44% are married, 10.20% are divorced or separated, 36.10% are single and 2.53% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $9,956. The median monthly mortgage repayment for households in this suburb is $1,842 which is 18.50% of their earnings.

    Source: ABS Census Data (2021)

  2. Text: Situated in the hinterland of Queensland, PARKHURST 4702 is a bustling suburb home to approximately 1350 households. As we reach the tail end of Q3 2023, the housing market in PARKHURST is showing a robust position.

    Purchasing a house in PARKHURST comes with a typical price tag of $610,455. Despite the substantial price, homeowners can look forward to a strong return, with a median weekly rent of $454. The indicative yield, a sign of the return on investment, stands at an impressive 3.87%, surpassing the minimum 3% attractive market requirement for cashflow-centered property investors.

    PARKHURST boasts an IRSAD score of 1009 out of 1217, reflective of a favourable socio-economic status. With only 28% of properties being rented, the renter-to-owner ratio is fairly low, elucidating a region that’s populated predominantly by homeowners. Notably, the units-to-houses ratio stands at a meagre 1%, indicative of a market dominated by houses, thus lessening competition among landlords for tenants.

    The suburb’s affordability index, a measure that calculates the duration required to fully own a property, is 24 years – well within the favourable market range, showing high affordability for residents.

    Delving into supply metrics, the stock-on-market percentage for houses is 0.38%, indicating a favourable low supply, and the inventory level for houses rests at a low supply level of 0.91 months. Interestingly, there is a seemingly high building approval ratio at 2.6%, which, while a tad above the usual favourable range, could signal the suburb’s potential development and growth.

    In terms of demand, houses in PARKHURST stay on the market for 38 days on average. While slightly above the high demand threshold, it still shows a substantial interest from property seekers. The vacancy rate is at a commendable 0.8%, showing a high demand as properties are rapidly occupied. The suburb’s buy search index for houses stands at a neutral 4.

    While some metrics sit slightly outside the favourability range, the vast majority indicate a promising investment opportunity in PARKHURST. As always, it’s essential to keep abreast of the property market details, and with tools like the RCSRelative Composite Score metric – by HtAG Analytics, your investment choices can be well-informed and rewarding.

    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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