Real Estate Parkinson, QLD, 4115 Brisbane

Thinking about buying in Parkinson? Now could not be a better time, with a whopping 4681 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $1,003,000 with prices in this suburb ranging from $314,000 to $3,074,000.

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Parkinson Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Parkinson driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Parkinson are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Parkinson classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Parkinson requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.