Parkwood vs Southern River
Property investment comparison - Parkwood, WA 6147 vs Southern River, WA 6110
Head-to-head across core investment metrics: Parkwood wins 3, Southern River wins 1. 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 | Parkwood | Southern River |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $710K | - |
| Gross rental yield (houses) | 3.89% | 3.96% |
| Gross rental yield (units) | 5.00% | 4.56% |
| 1-year house growth | +21.9%estimate | +17.4% |
| 3-year house growth | - | +62.8% |
| Vacancy rate | 1.1% | 1.8% |
| Population | 5,995 | 12,852 |
Parkwood vs Southern River: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.1M in Parkwood and $1.1M in Southern River.
On cash flow, Southern River leads: houses there return a gross rental yield of 3.96%, compared with 3.89% in Parkwood, a gap of 0.07 percentage points.
Over the past year house prices moved +21.9% in Parkwood (an estimate) and +17.4% in Southern River, so recent momentum favours Parkwood, although both suburbs recorded growth.
Rental vacancy is 1.1% in Parkwood and 1.8% in Southern River, so landlords in Parkwood face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Southern River is the bigger suburb, with a population of 12,852 against 5,995, roughly 2.1 times the size of Parkwood; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Southern River 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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