Question 1

Is Park Avenue a nice place to live?

Accepted Answer

Park Avenue features tree-lined streets, timber Queenslander cottages alongside low-set brick homes, and local shops, parks and sporting fields. The Fitzroy River is nearby and residents have convenient access to the city centre and regional transport links.

Park Avenue is a community with incomes below the median for Queensland, and couples without children are the largest family group, at 37.5% of families. Everyday services and schools are easy to reach from the suburb's calm residential blocks, and the Park Avenue road reconstruction on Main and Haynes Streets has been completed, including new stormwater infrastructure.

Question 2

Is it expensive to live in Park Avenue?

Accepted Answer

At about 8.1 times a typical local annual household income, buying a house in Park Avenue sits well above local incomes. A typical local household earned about $1,281 a week at the most recent Census, and the current median house price of $540,000 works out to roughly 8.1 times that household’s annual income.

Renting is different but still represents a large share of income. A house rent of about $550 a week would take roughly 43% of that weekly household income, while a unit rent of about $390 a week would take about 30% of income. If you are renting rather than buying, those rent shares are the most relevant numbers to consider.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Park Avenue a good place to invest?

Accepted Answer

A 10.0% jump in house rents over the past 12 months is the clearest movement in Park Avenue, alongside an 8.6% rise in median house values. Those numbers show that, for houses, rental income grew faster than capital value during that period.

Unit rents also rose, up 8.3% over the same 12 months.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$540K	N/A
Change in value Past 12 months	8.6%	N/A
Sold Past 3 months	24	N/A
Median days on market Past 12 months	14	N/A
Average rent Past 12 months	$550	$390
Change in rent Past 12 months	10.0%	8.3%

	Suburb	QLD
Median age years	36	38
Median household income weekly	$1,281	$1,675
Couples with children share of families	36.4%	41.2%
Couples without children share of families	37.5%	40.3%
One-parent families share of families	24.5%	16.8%
Homes owned outright share of homes	30.6%	30.1%
Homes with a mortgage share of homes	35.4%	35.6%
Homes rented share of homes	34.0%	34.3%

Get a property report and suburb profile for any property in Park Avenue

Park Avenue suburb profile

Park Avenue property market performance

5 year median price trend for houses and units

Park Avenue demographics

Suburbs near Park Avenue

How does Park Avenue compare to nearby suburbs?

Choose the right real estate agents in Park Avenue

Get a head start and compare top local agents in Park Avenue

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market