Parkwood is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4214). With a population of 8,837, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $107K per year, with an average household size of 3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Parkwood is $1.1 million, having surged 14.4% over the past year. Units have a median price of $665,000 (+15.6% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,894.
Public transport access includes 6 rail stations, 34 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Parkwood offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.1M). The price-to-income ratio of 9.9x is considered moderate. House prices have moved +14.4% year-on-year.
Parkwood is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4214). With a population of 8,837, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $107K per year, with an average household size of 3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Parkwood is $1.1 million, having surged 14.4% over the past year. Units have a median price of $665,000 (+15.6% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,894.
Public transport access includes 6 rail stations, 34 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Parkwood offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.1M). The price-to-income ratio of 9.9x is considered moderate. House prices have moved +14.4% year-on-year.