Fraud Blocker

Parkwood, QLD 4214

Home » QLD Real Estate Data » Gold Coast City, QLD » Parkwood, QLD 4214

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 Parkwood, QLD 4214 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

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Parkwood, QLD 4214”

  1. The total adult population (15 years or older) of Parkwood 4214 QLD is 7,382, with a median age of 37. Of those, 42.87% are married, 11.76% are divorced or separated, 42.01% are single and 3.43% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $8,412. The median monthly mortgage repayment for households in this suburb is $1,894 which is 22.52% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Queensland, the suburb of Parkwood 4214 is a residential area home to approximately 3180 households. As we approach the end of Q3 in 2023, houses in Parkwood 4214 are typically priced at $893,166 AUD with the median weekly rent being an impressive $748. This creates an indicative yield of 4.35%, signalling an attractive return for cashflow-focused investors as it beats the 3% minimum yield requirement.

    Parkwood boasts an IRSAD score of 1017 out of 1217, suggesting a fairly high socio-economic status amongst the population in the area. Merging this factor with the renter to owner ratio of 30%, it is clear that a majority of the neighbourhood are owners, which suggests long-term stability and appeal bringing about an enticing vibe for potential investors.

    Furthermore, the units to houses ratio stands at a low 3%, indicating a market that is not saturated with units, but rather dominated by houses. This can appeal to families seeking longer tenancies and thereby help maintain Parkwood’s impressive yield.

    However, it is important to note the affordability index of 42 years, indicating that it would take a decent length of time to fully own a property. This might have a bearing on the number of first home buyers that Parkwood can attract since the duration surpasses the standard 30-year mortgage.

    In terms of supply metrics, Parkwood’s stock on market Percentage for houses is incredibly low at 0.1%, meaning the area experiences a much lower than average supply, creating favourability for sellers and landlords. This is further supported by an impressive inventory level of only 0.37 months and a building approvals ratio of a meagre 0.0% that speaks to Parkwood’s strictly regulated property development environment, indicating low supply conditions and potential for capital gains.

    On the demand side, houses in Parkwood stay on Market for an average of 36 days. This suggests a balance between high and low demand. Additionally, the suburb enjoys a low vacancy rate of 0.95%, indicating high rental demand and an attractive prospect for investors. Moreover, with a buy search index of 4, Parkwood aligns closely with state and city averages, suggesting there is a consistent interest from potential buyers.

    Although it’s essential to consider that some indicators such as affordability are over desired thresholds, the majority of fundamental, supply and demand metrics place Parkwood as an attractive suburb for property investors. This emphasises the importance of assessing suburbs holistically, as Parkwood’s RCS show investment viability even with a few slightly unfavourable indicators. Remember, staying in sync with the trends and the overall residential property market in Australia is crucial for smart property investments.

    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.

Leave a comment