Parkes - A great place to live, and invest!
Did you know?
Parkes has been recognised by Your Investment Property Magazine (May 2012) as New South Wales' No. 1 rental region.
Median rents in Parkes have risen a staggering 27%1 in the last 12 months, making Parkes one of Australia's fastest growing regions.
Average capital growth rates for Parkes over the last 10 years have been recorded at 8.84%pa2. If you had previously purchased in Parkes, your investment property would have outperformed the Australian national average.
Parkes - The Future
The strong economic foundations of the region suggest 'growth' is a word that will be linked with the Parkes region for quite some years to come.
The next upward property cycle for Parkes is predicted to commence in 2013. Prudent investors or savvy new home buyers seeking to purchase in Parkes before the rush should take timely and decisive action.
House and Land - Purchase OR Invest
House and land packages are currently available for purchase in Parkes from just $309,5003. This is fabulous news for Australian property investors and owner occupiers alike.
The turn-key house and land packages currently available in Parkes offer investors gross rental yields in excess of 6%pa. In most cases, this produces a cash flow positive investment. For owner occupiers, this means owning your own home can prove cheaper than renting.
Choice of Design
Purchasers are spoilt for choice with house and land packages available in 3 different estates, all within 2.5 kilometres of the Parkes CBD. These estates offer some of the most affordable land in the region, and the best quality land Parkes has to offer. Prices start at just $73,5003 for vacant residential lots. Lot sizes vary from 800m2 to 1258m2 in size.
Choose from a wide range of 3 and 4 bedroom homes, all with 2 bathrooms (main and ensuite), single or double lock up garage, in a variety of roof designs, and incorporating a host of quality inclusions.
These homes are all built by one of the regions' finest builders. Investors and owner occupiers agree, these house and land packages provide great value from just $309,5003.
Land Availability / Future Pricing
Once current land stocks are exhausted, land prices in Parkes are set to rise substantially. Current pricing will not be repeated. There has possibly never been a better time to purchase an investment property or a new home in Parkes.
Contact us today to avoid missing out!
1. SQM Research (Oct 2012)
2. Pricefinder (Oct. 2012).
3. Price current as at 7th November 2012. Once sold, prices may not be repeated.