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Park Avenue suburb profile

Park Avenue is a residential suburb situated in the city of Rockhampton, Queensland, known for its family-friendly atmosphere and convenient amenities. Located just a short drive from the Rockhampton CBD, it offers a mix of traditional Queenslander homes and modern residences. The suburb is well-served by local schools, parks, and shopping facilities, making it an attractive option for families and individuals seeking a balanced lifestyle. Park Avenue's community spirit and proximity to the Fitzroy River add to its appeal, providing residents with both urban conveniences and natural beauty.

Park Avenue property market performance

Park Avenue's property market has experienced significant growth over the past 12 months, particularly in the housing sector. House values have surged by 20.6%, with the current median house price reaching $600,750. In contrast, the unit market has remained stagnant, with no change in median unit value.

Sales activity has been moderate, with 22 houses and only 4 units sold in the past 12 months. Houses are selling quickly, with a median of just 14 days on the market, indicating strong demand. The unit market, however, appears inactive with no recent sales data available.

The rental market in Park Avenue has also seen notable increases, with house rents rising by 10.2% and unit rents by 8.6% over the last 12 months. This suggests a robust demand for rental properties, particularly houses, in the area.

HousesUnits
Median price
Past 3 months
$567KN/A
Change in value
Past 12 months
16.3%N/A
Sold
Past 3 months
251
Median days on market
Past 12 months
14N/A
Average rent
Past 12 months
$540$380
Change in rent
Past 12 months
9.1%8.6%

5 year median price trend for houses and units

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Park Avenue demographics

Park Avenue, located in the heart of Rockhampton, Queensland, is a suburb that offers a balanced lifestyle with a blend of urban convenience and suburban tranquility. With a population of 5,292, it is a community that caters to families, professionals, and retirees alike. The median age of 36 suggests a mature community with a mix of young families and established residents who appreciate the suburb's accessibility and amenities.

The suburb's housing landscape is diverse, with a significant portion of properties owned outright (30.6%) or with a mortgage (35.4%), indicating a stable residential base. Additionally, 34% of the properties are rented, providing options for those seeking flexibility. This mix of ownership and rental properties reflects Park Avenue's appeal to both long-term residents and newcomers looking for a welcoming community.

Family dynamics in Park Avenue are varied, with couple families with children making up 36.4% of the households, while couple families without children account for 37.5%. One-parent families also form a notable part of the community at 24.5%, highlighting the suburb's inclusive nature. The median total household income of $1,281 per week aligns with the area's cost of living, making it an attractive option for those seeking affordability without sacrificing quality of life.

Suburbs near Park Avenue

Some popular suburbs near Park Avenue include:

  • Berserker: Known for its residential charm and proximity to shopping centers, Berserker is located directly south of Park Avenue.
  • Frenchville: Nestled against the backdrop of the Berserker Range, Frenchville offers a suburban lifestyle to the northeast of Park Avenue.
  • Norman Gardens: Featuring spacious homes and a family-friendly atmosphere, Norman Gardens is situated to the east of Park Avenue.
  • Kawana: Known for its mix of residential and commercial areas, Kawana lies to the southeast of Park Avenue.
  • Rockhampton City: As the central business district, Rockhampton City offers a vibrant urban experience to the southwest of Park Avenue.

How does Park Avenue compare to nearby suburbs?

  • Median house prices: Park Avenue’s median house price is 3.1% higher than Berserker’s.
  • House price growth: Over the past 12 months, house prices in Park Avenue have grown 8.4% higher than in Rockhampton City.
  • Selling speed for houses: Properties in Park Avenue are selling 30.0% faster than in Rockhampton City.

Choose the right real estate agents in Park Avenue

Choosing the right real estate agent in Park Avenue can have a big impact on your sale. While there are 57 real estate agents working in the suburb, but just 5 of them were responsible for 30.6% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.42% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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