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Parkwood, WA 6147
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$900,000
list-price estimate
Median Unit
$710,000
market range $650K-$775K
Gross Yield (houses)
4.1%
1yr Growth (houses)
+19.7%
market range +15.0% to +27.5%
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, WA 6147, houses show a gross rental yield of 4.1%. House prices have moved +19.7% over the past year and +66.2% over three years. At 0.9% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.1% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking.
Living in Parkwood: people, income and schools
Parkwood is home to around 5,995 people, and the area has been growing steadily, up about 9% over five years. At a median age of 42, it reads as skewed a little older, and 79% 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 $83,000 a year (about $1,600 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
Families have 50 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Parkwood sits about 12 km from the CBD. It is fairly car-dependent; the suburb scores 43 for walkability and 8 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 5,995
- +9% over 5yr
- Median age
- 42 years
- Median household income
- $83,000/yr
- Households renting
- 19%
- Family households
- 73%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 50
- avg ICSEA 1014
- Unemployment
- 5.3%
- Distance to CBD
- 12 km
- Walk score
- 43/100
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. Solid unit gross rental yield of 5.0%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +19.7% in the past year shows strong recent price momentum. 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, WA 6147 is $710K for units.
What rental yield does Parkwood show?
The gross rental yield in Parkwood is 4.1% 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 Parkwood?
House prices in Parkwood are up 19.7% over the past year and up 66.2% 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 0.9%. 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 5,995 residents, with a median age of 42.
What schools are near Parkwood?
There are 50 schools within roughly 5km of Parkwood. 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 Parkwood's population growing?
The population of Parkwood has grown about 9% 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 Parkwood from the CBD?
Parkwood is about 12 km from the CBD.
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