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Parklands, WA 6180
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,040,000
market range $1.1M-$2.0M
Median Unit
$235,000
Gross Yield (units)
5.5%
1yr Growth
-
Investment snapshot for Parklands
Parklands has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Parklands market and investor summary
In Parklands, WA 6180, the median house sells for around $2.0M. At 1.8% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking.
Living in Parklands: people, income and schools
Parklands has a resident population of roughly 603, and the area has been growing steadily, up about 26% over five years. At a median age of 45, it reads as skewed a little older, and 87% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $114,000 a year (about $2,200 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 17.9 times local household income, so affordability is a genuine constraint on local buyers.
Families have 18 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Parklands sits about 61 km from the CBD. It is fairly car-dependent; the suburb scores 17 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 603
- +26% over 5yr
- Median age
- 45 years
- Median household income
- $114,000/yr
- Households renting
- 9%
- Family households
- 83%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 18
- avg ICSEA 997
- Unemployment
- 2.2%
- Distance to CBD
- 61 km
- Walk score
- 17/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Parklands
View all →Frequently asked questions about Parklands
What should I check before investing in Parklands?
Parklands has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.5%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Parklands?
The median property price in Parklands, WA 6180 is $2.0M for houses and $235K for units.
What rental yield does Parklands show?
The gross rental yield in Parklands is 5.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Parklands?
The current vacancy rate in Parklands is 1.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Parklands?
Parklands has a population of approximately 603 residents, with a median age of 45.
What schools are near Parklands?
There are 18 schools within roughly 5km of Parklands. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Parklands affordable to buy in?
A median house in Parklands costs about 17.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Parklands's population growing?
The population of Parklands has grown about 26% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Parklands from the CBD?
Parklands is about 61 km from the CBD.
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