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Parkwood, QLD 4214
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,330,000
market range $1.3M-$1.5M
Median Unit
$595,000
market range $575K-$900K
Gross Yield
-
1yr Growth (houses)
+13.4%
market range +10.0% to +17.5%
Investment snapshot for Parkwood
Parkwood has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Parkwood market and investor summary
In Parkwood, QLD 4214, the median house sells for around $1.3M. House prices have moved +13.4% over the past year and +39.8% over three years. At 1.9% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking. Apartment stock is taking longer than usual to clear, a sign of softer demand at the unit end of the market.
Living in Parkwood: people, income and schools
Parkwood is home to around 8,837 people, a number that has held fairly steady over five years. At a median age of 37, it reads as broadly working-age, and families account for 80% of households.
The typical household income runs to around $107,000 a year (about $2,060 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 12.4 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
Families have 21 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Parkwood sits about 63 km from the CBD. It is fairly car-dependent; the suburb scores 5 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 8,837
- +3% over 5yr
- Median age
- 37 years
- Median household income
- $107,000/yr
- Households renting
- 30%
- Family households
- 80%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 21
- avg ICSEA 1094
- Unemployment
- 3.8%
- Distance to CBD
- 63 km
- Walk score
- 5/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Parkwood
View all →Frequently asked questions about Parkwood
What should I check before investing in Parkwood?
Parkwood has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +13.4% in the past year shows strong recent price momentum. 3-year capital growth of +39.8% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Parkwood?
The median property price in Parkwood, QLD 4214 is $1.3M for houses and $595K for units.
What does recent house price growth show for Parkwood?
House prices in Parkwood are up 13.4% over the past year and up 39.8% 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 Parkwood?
The current vacancy rate in Parkwood is 1.9%. 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 Parkwood?
Parkwood has a population of approximately 8,837 residents, with a median age of 37.
What schools are near Parkwood?
There are 21 schools within roughly 5km of Parkwood. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Parkwood affordable to buy in?
A median house in Parkwood costs about 12.4 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 Parkwood's population growing?
The population of Parkwood has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Parkwood from the CBD?
Parkwood is about 63 km from the CBD.
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