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Parma, NSW 2540
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,125,000
market range $1.5M-$2.1M
Median Unit
$625,000
Gross Yield (houses)
1.5%
1yr Growth
-
Investment snapshot for Parma
Parma has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Parma market and investor summary
Parma (NSW 2540) runs a median house price of $2.1M, with houses yielding a gross 1.5%. At 2.3% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.5% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Parma: people, income and schools
About 167 people live in Parma, a number that has held fairly steady over five years. The median age is 53, an older, established demographic, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $84,000 a year, or roughly $1,620 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 25.2 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 36% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 2 schools within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 167
- +4% over 5yr
- Median age
- 53 years
- Median household income
- $84,000/yr
- Households renting
- 6%
- Family households
- 79%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 955
- Unemployment
- 4.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Parma
View all →Frequently asked questions about Parma
What should I check before investing in Parma?
Parma has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Parma?
The median property price in Parma, NSW 2540 is $2.1M for houses and $625K for units.
What rental yield does Parma show?
The gross rental yield in Parma is 1.5% for houses and 4.6% 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 Parma?
The current vacancy rate in Parma is 2.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Parma?
Parma has a population of approximately 167 residents, with a median age of 53.
What schools are near Parma?
There are 2 schools within roughly 5km of Parma. 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 Parma affordable to buy in?
A median house in Parma costs about 25.2 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 Parma's population growing?
The population of Parma has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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