5/8 Tonga PlaceParkwood QLD 4214
Property Details for 5/8 Tonga Pl, Parkwood
5/8 Tonga Pl, Parkwood is a 3 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2002. The property has a land size of 678m2. While the property is not currently for sale or for rent, it was last sold in September 2016.
Last Listing description (October 2016)
Looking for a solid investment with returns in excess of 6.9% yield after expenses....
University Village' is a fantastic student accommodation complex and currently returning $578 per week, which is an amazing rental return!
This property is opposite the Gold Coast Hospital and Griffith University which is expanding at a rapid rate, along with infrastructure in the immediate vicinity of this complex. A short walk to the light rail station which takes you on a 13km journey to Pacific Fair in Broadbeach. Great investment for the super fund or just add another one to the portfolio and have this one positively geared!
* Fully furnished ground floor unit of two storey walk up - close to pool & front gate
* Large kitchen - s/steel appliances, plenty of bench space & ample cupboards
* Currently returning $578 per week rental returns. Lease exp 31.12.16
* Body corp approx.. $62 per week. Complex approx. 11-13 yrs old
* Excellent investment property with high returns....Do NOT miss out!!
* Centrally located to largest university on the GC, within walking distance to shops, transport, parks and short drive to M1
* Council rates - $906.25 per 6 months. Water rates - $367.88 per 3 months (approx.)
* 6.9% yield after expenses!!!!
For further information or to arrange an inspection, please call Michael Elliss on: 0402 858 174
Property History for 5/8 Tonga Pl, Parkwood, QLD 4214
- 03 Sep 2016Sold for $263,000
- 09 Aug 2016Listed for Sale Under Contract
- 13 Nov 2005Sold for $275,000
Recent sales nearby
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0About Parkwood 4214
The size of Parkwood is approximately 5.6 square kilometres. There are 7 parks, covering nearly 20.3% of the total area. The population of Parkwood in 2016 was 8702 people. By 2021 the population was 8837 showing a population growth of 1.6% in the area during that time. The predominant age group in Parkwood is 20-29 years. Households in Parkwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkwood work in a professional occupation.In 2021, 68.60% of the homes in Parkwood were owner-occupied compared with 66.90% in 2016.
Parkwood has 3,113 properties. Over the last 5 years, Houses in Parkwood have seen a 87.51% increase in median value, while Units have seen a 98.61% increase. As at 31 May 2026:
- The median value for Houses in Parkwood is $1,410,889 while the median value for Units is $813,488.
- Houses have a median rent of $930 while Units have a median rent of $715.
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