Parmelia (postcode 6167) is a moderately sized suburb in Western Australia within the Kwinana local government area. It is home to about 6,184 residents, with a mix of families and early-career residents and a median age of 37. Households earn a median income of $67K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.6% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 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 technicians & trades, labourers, machinery operators & drivers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Parmelia stand at $507,000, having risen steeply by 36.1% over the last twelve months. Units have a median price of $239,000 (+25.7% YoY). The current median weekly rent is $605. This gives a gross rental yield of approximately 6.2%. 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, Gross rental yield sits at around 6.2% (high yield). Property prices sit below the state median ($507K/$951K), which can point to relative value. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +36.1% year-on-year. Population growth of +4.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.