Parma is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 167, the suburb has a mature demographic with a median age of 53. Households earn a median income of $84K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Parma is $1.2 million, having dropped significantly 32.8% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,950.
Public transport access includes 4 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Parma offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.2x is considered stretched. House prices have moved -32.8% year-on-year.
Parma is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 167, the suburb has a mature demographic with a median age of 53. Households earn a median income of $84K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Parma is $1.2 million, having dropped significantly 32.8% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,950.
Public transport access includes 4 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Parma offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.2x is considered stretched. House prices have moved -32.8% year-on-year.