Parkes is a well-established suburb in New South Wales within the Parkes local government area (postcode 2870). With a population of 11,324, the suburb has an established demographic with a median age of 39. Households earn a median income of $73K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Parkes is $430,000, having declined 5.5% over the past year. Units have a median price of $375,000 (-36.4% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,300.
Parkes is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 939, which is below the national average of 1,000. Public transport access includes 4 rail stations, 436 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Parkes LGA is moderate at 6,069 incidents per 100,000 population.
From an investment perspective, Parkes offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($430K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -5.5% year-on-year.
Parkes is a well-established suburb in New South Wales within the Parkes local government area (postcode 2870). With a population of 11,324, the suburb has an established demographic with a median age of 39. Households earn a median income of $73K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Parkes is $430,000, having declined 5.5% over the past year. Units have a median price of $375,000 (-36.4% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,300.
Parkes is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 939, which is below the national average of 1,000. Public transport access includes 4 rail stations, 436 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Parkes LGA is moderate at 6,069 incidents per 100,000 population.
From an investment perspective, Parkes offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($430K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -5.5% year-on-year.