Located in New South Wales within the Shoalhaven local government area, Parma is a quiet locality (postcode 2540). The area has roughly 167 residents and a settled, mature resident base, with a median age of 53. Households earn a median income of $84K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward construction and public admin & safety. The top ancestries reported are Australian, English, Irish.
Median house prices in Parma stand at $920,000, having moved lower by 5.9% over the last twelve months. The current median weekly rent is $580. This gives a gross rental yield of approximately 3.3%. 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 3,639 incidents per 100,000 population.
On the investment side, Parma shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices sit below the state median ($920K/$1.5M), which can point to relative value. The price-to-income ratio of 10.9x is considered stretched. House prices have moved -5.9% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.