Market Update
Parkinson QLD 4115| January 2025
RESIDENTIAL PROPERTY
As a Real Estate Specialist, I’m pleased to provide an update on Parkinson’s vibrant property market. This sought-after suburb has shown remarkable resilience, with median house prices climbing 5.2% over the past year to reach $780,000. This growth outpaces Brisbane’s overall 3.8% increase, highlighting Parkinson’s enduring appeal. The area continues to attract families and professionals, drawn by its excellent schools, abundant green spaces, and strong community spirit.
Recent infrastructure improvements, including the upgraded Parkinson Plaza and new cycling paths, have significantly enhanced liveability. The highly-rated Stretton State College and Wisdom College continue to be major drawcards for families. With a low crime rate 15% below the Brisbane average, Parkinson offers a safe, family-friendly environment.
Looking ahead, the proposed South West Pipeline project and the expansion of the nearby Pallara employment precinct are expected to further boost property values. With its blend of modern amenities and natural beauty, Parkinson remains a prime choice for those seeking a balanced lifestyle in Brisbane’s thriving south. As the market continues to strengthen, now may be an opportune time for homeowners to consider property improvements or expansions to capitalise on the positive growth trajectory.
INVESTMENT PROPERTY
Parkinson presents a compelling opportunity for savvy investors in 2025. The suburb has demonstrated strong capital growth, with a 5.2% increase in median house prices over the past year, outperforming the broader Brisbane market. This growth is underpinned by solid fundamentals, including a tight rental market with a vacancy rate of just 1.2%, well below the city average of 2.5%.
Investors are benefiting from healthy rental yields, currently averaging 4.3% for houses and 5.1% for units. The suburb's proximity to major employment hubs, including the expanding Pallara industrial precinct and the Brisbane Technology Park, ensures a steady stream of quality tenants. The demographic profile is favourable, with 68% of residents being families, indicating stable, long-term tenancies.
Looking forward, several factors point to continued growth. The proposed South West Pipeline project is expected to create jobs and boost local economic activity. Additionally, the Council's Draft Neighbourhood Plan includes provisions for medium-density development near transport nodes, potentially opening up new investment strategies. With its strong fundamentals and positive growth indicators, Parkinson offers investors an attractive blend of current returns and future capital appreciation potential in Brisbane's thriving southern corridor.
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