Located in Tasmania within the Burnie local government area, Parklands is a small community (postcode 7320). It is home to about 865 residents, with a settled mid-life population and a median age of 41. Households earn a median income of $75K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% year-on-year at the LGA level. TAS 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. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 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 professionals, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Parklands is $509,000, having risen modestly by 1.8% over the past year. Units have a median price of $352,000 (-10.2% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,230.
Public transport access includes 10 bus stops.
On the investment side, The gross rental yield works out to roughly 4.8%, which reads as moderate yield. Property prices sit below the state median ($509K/$750K), which can point to relative value. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +1.8% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.