15 Welch Street

Park Avenue QLD 4701

The size of Park Avenue is approximately 4.6 square kilometres. It has 6 parks covering nearly 12% of total area. The population of Park Avenue in 2011 was 5,366 people. By 2016 the population was 5,089 showing a population decline of 5.2% in the area during that time. The predominant age group in Park Avenue is 20-29 years. Households in Park Avenue are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Park Avenue work in a trades occupation. In 2011, 60.3% of the homes in Park Avenue were owner-occupied compared with 61.8% in 2016.

Park Avenue has 2,680 properties. Over the last 5 years, Houses in Park Avenue have seen a 99.71% increase in median value, while Units have seen a 68.53% increase. As at 30 September 2024:

• The median value for Houses in Park Avenue is $402,847 while the median value for Units is $381,771.
• Houses have a median rent of $470 while Units have a median rent of $340.