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Parklea, NSW 2768
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,505,000
market range $1.4M-$1.6M
Median Unit
$690,000
market range $650K-$775K
Gross Yield (houses)
3.0%
1yr Growth (houses)
+3.7%
market range +0.0% to +7.5%
Investment snapshot for Parklea
Parklea has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Parklea market and investor summary
In Parklea, NSW 2768, the median house sells for around $1.5M, on a gross rental yield of 3.0% for houses. House prices have moved +3.7% over the past year and +5.6% over three years. At 1.8% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Parklea: people, income and schools
Parklea has a resident population of roughly 3,684, a number that has held fairly steady over five years. At a median age of 35, it reads as broadly working-age, and 77% 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 $147,000 a year (about $2,830 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 10.2 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 26% over five years, which tends to underpin what local buyers can pay.
Families have 56 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Parklea sits about 32 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 56 for walkability and 16 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,684
- -1% over 5yr
- Median age
- 35 years
- Median household income
- $147,000/yr
- Households renting
- 23%
- Family households
- 91%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 56
- avg ICSEA 1104
- Unemployment
- 1.6%
- Distance to CBD
- 32 km
- Walk score
- 56/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Parklea
View all →Frequently asked questions about Parklea
What should I check before investing in Parklea?
Parklea has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 5.0% gives a usable rent-to-price starting point. 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 Parklea?
The median property price in Parklea, NSW 2768 is $1.5M for houses and $690K for units.
What rental yield does Parklea show?
The gross rental yield in Parklea is 3.0% for houses and 5.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Parklea?
House prices in Parklea are up 3.7% over the past year and up 5.6% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Parklea?
The current vacancy rate in Parklea 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 Parklea?
Parklea has a population of approximately 3,684 residents, with a median age of 35.
What schools are near Parklea?
There are 56 schools within roughly 5km of Parklea. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Parklea affordable to buy in?
A median house in Parklea costs about 10.2 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 Parklea's population growing?
The population of Parklea has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Parklea from the CBD?
Parklea is about 32 km from the CBD.
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