Parklands is a small community in Tasmania within the Burnie local government area (postcode 7320). With a population of 865, the suburb has an established demographic with a median age of 41. Households earn a median income of $75K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Parklands is $509,000, having risen modestly 1.8% over the past year. Units have a median price of $352,000 (-10.2% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,230.
Public transport access includes 10 bus stops.
From an investment perspective, Parklands offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($509K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +1.8% year-on-year.
Parklands is a small community in Tasmania within the Burnie local government area (postcode 7320). With a population of 865, the suburb has an established demographic with a median age of 41. Households earn a median income of $75K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Parklands is $509,000, having risen modestly 1.8% over the past year. Units have a median price of $352,000 (-10.2% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,230.
Public transport access includes 10 bus stops.
From an investment perspective, Parklands offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($509K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +1.8% year-on-year.