Alkimos vs Parkwood
Property investment comparison - Alkimos, WA 6038 vs Parkwood, WA 6147
Head-to-head across core investment metrics: Alkimos wins 3, Parkwood wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Alkimos | Parkwood |
|---|---|---|
| Median house price | $850K | - |
| Median unit price | - | $710K |
| Gross rental yield (houses) | 4.30% | 4.12% |
| Gross rental yield (units) | 5.18% | 5.00% |
| 1-year house growth | +18.2% | +19.7% |
| 3-year house growth | +72.9% | +66.2% |
| Vacancy rate | 2.0% | 0.9% |
| Population | 10,203 | 5,995 |
Alkimos vs Parkwood: what the numbers say
On cash flow, Alkimos leads: houses there return a gross rental yield of 4.30%, compared with 4.12% in Parkwood, a gap of 0.18 percentage points.
Over the past year house prices moved +18.2% in Alkimos and +19.7% in Parkwood, so recent momentum favours Parkwood, although both suburbs recorded growth.
Looking back three years, Alkimos houses are +72.9% and Parkwood houses +66.2%, so Alkimos has compounded faster than Parkwood over the longer window.
Rental vacancy is 0.9% in Parkwood and 2.0% in Alkimos, so landlords in Parkwood face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Alkimos is the bigger suburb, with a population of 10,203 against 5,995, larger than Parkwood; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Alkimos for rental income, Parkwood for recent price momentum, Parkwood for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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