Parkwood is a mid-sized suburb in Western Australia within the Canning local government area (postcode 6147). With a population of 5,995, the suburb has an established demographic with a median age of 42. Households earn a median income of $83K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Parkwood is $650,000, having surged 27.5% over the past year. Units have a median price of $471,000 (+24.8% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,677.
Parkwood is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1016, which is around the national average of 1,000. Public transport access includes 45 bus stops.
From an investment perspective, Parkwood offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($650K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved +27.5% year-on-year.
Parkwood is a mid-sized suburb in Western Australia within the Canning local government area (postcode 6147). With a population of 5,995, the suburb has an established demographic with a median age of 42. Households earn a median income of $83K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Parkwood is $650,000, having surged 27.5% over the past year. Units have a median price of $471,000 (+24.8% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,677.
Parkwood is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1016, which is around the national average of 1,000. Public transport access includes 45 bus stops.
From an investment perspective, Parkwood offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($650K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved +27.5% year-on-year.