Canberra

Straddling Lake Burley Griffin, Parkes is home to institutions like the vast hilltop Parliament House, and Old Parliament House, housing the Museum of Australian Democracy. Fronting the lake is the National Gallery, with a large Aboriginal art collection, the National Portrait Gallery, and Questacon kids’ museum. Commonwealth Park hosts the Floriade spring flower festival.

Create a profile to see property details.

Price, availability, insights & virtual tour.

melb3.jpeg

Starting Price

Type

Suitability

Asset Class

$690,000

Apartment

Experienced Investors

Residential

Annual Growth

Average Yield

Population Growth

House/Apartment Ratio

2%

6.0%

2%

240%

andrew-wilson.webp

Our key measures explained by Dr Andrew Wilson

Chief Economist at Wealthi.

Annual Growth

Annual growth is a measure of the price growth in median prices for the asset type we are recommending. For example, if we're recommending a house investment, we will use median house price growth adjusted for any anomolies in the data. 

Average Yield

Yield represents the total median rental income divided by the median asset price over the period. Our preference is to work with data across a large sample, to reduce any issues with one-off transactions which could skew the data. 

Population Growth

Population growth is a great long term source for measuring long term demand. This isn't an instant measure, there are often lags with government population growth measurements. So we're really looking at the long term here and trying to find areas where population growth is greater then recent price growth.

House/Apartment Ratio

We look for apartments in areas where the price gap with houses is large. This is a long term strategy where we believe, apartments will rise in value and close the gap relative to houses. Areas where the house price to apartment ratio exceeds 150% are generally attractive for apartment investors. 

Parkes