Parmelia is a mid-sized suburb in Western Australia within the Kwinana local government area (postcode 6167). With a population of 6,184, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $67K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, labourers, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Parmelia is $507,000, having surged 36.1% over the past year. Units have a median price of $239,000 (+25.7% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,300.
Parmelia is served by 2 schools, including 2 primary. The average ICSEA score is 984, which is around the national average of 1,000. Public transport access includes 1 rail station, 46 bus stops.
From an investment perspective, Parmelia offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($507K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +36.1% year-on-year.
Parmelia is a mid-sized suburb in Western Australia within the Kwinana local government area (postcode 6167). With a population of 6,184, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $67K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, labourers, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Parmelia is $507,000, having surged 36.1% over the past year. Units have a median price of $239,000 (+25.7% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,300.
Parmelia is served by 2 schools, including 2 primary. The average ICSEA score is 984, which is around the national average of 1,000. Public transport access includes 1 rail station, 46 bus stops.
From an investment perspective, Parmelia offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($507K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +36.1% year-on-year.