OFF MARKET

28/8 Tonga Place
Parkwood QLD 4214

Bedrooms: 3
Bathrooms: 3
Car spaces: 1
Land area: 1330m2
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Property Details for 28/8 Tonga Pl, Parkwood

28/8 Tonga Pl, Parkwood is a 3 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 1330m2. While the property is not currently for sale or for rent, it was last sold in August 2020.

Building Type
Unit
Year Built
2002
Land Size
1330m2
Local Government
Gold Coast City
Lot/Plan
28/SP146782

Last Listing description (September 2020)

'University Village' is a fantastic investment opportunity complex opposite the Gold Coast Hospital and Griffith University which is growing rapidly in size, along with infrastructure in the immediate vicinity of this complex.

New facilities like the light rail system which operates from Broadbeach to Helensvale and connecting to heavy rail up to Brisbane, along with other infrastructure in the area have impacted accommodation like this to be highly sought after from students within Australia and worldwide. A majority of the students who rent here are from Asian countries, with many studying dentistry/medicine at Griffith University.


Please feel free to ask for a fact sheet on this property which lays out the income and expenses. A copy of the past couple of years EOFY statements can be sent to potential buyers but this property is a high yielding investment and won't last long. It's a great option to put into a super fund account or just add to the property portfolio, either way don't delay otherwise you will miss out!

* Spacious three bedrooms/three bathrooms - all ensuited bedrooms
* Fully furnished unit on top floor of two storey walk up
* Large kitchen - stainless steel appliances, air conditioned/ceiling fans
* Currently returning $670 per week rental returns. Lease exp 31.12.2020.
* Body corp approx. $84 p/wk. Complex approx. 16 years old
* Excellent investment property with high returns.Do NOT miss out!!
* Fantastic location within walking distance to shops, transport, parks and across the road from the University and Hospital.
* Council rates - approx. $810 per 6 months. Water rates - approx. $645 per 6 months

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Property History for 28/8 Tonga Pl, Parkwood, QLD 4214

A timeline of how this property has performed in the market
Last Sold
$293,000
28 Aug 2020
  • 28 Aug 2020
    Sold for $293,000
  • 14 Nov 2019
    Listed for Sale Offers over $299,000
  • 27 Feb 2018
    Sold for $295,000
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About Parkwood 4214

The size of Parkwood is approximately 5.6 square kilometres. It has 7 parks covering nearly 20.3% of total area. The population of Parkwood in 2011 was 8,436 people. By 2016 the population was 8,700 showing a population growth of 3.1% 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 2011, 70.6% of the homes in Parkwood were owner-occupied compared with 66.9% in 2016.

Parkwood has 3,104 properties. Over the last 5 years, Houses in Parkwood have seen a 93.59% increase in median value, while Units have seen a 102.59% increase. As at 31 August 2024:

  • The median value for Houses in Parkwood is $1,207,227 while the median value for Units is $708,749.
  • Houses have a median rent of $840 while Units have a median rent of $495.
There are currently 16 properties listed for sale, and 10 properties listed for rent in Parkwood on OnTheHouse. According to CoreLogic's data, 114 properties were sold in the past 12 months in Parkwood.

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