Suburb Profile Report for Parklea NSW (2768)

Parklea House: Median price $900,000, Annual capital growth 7.33%, Number of sales 32, Weekly median advertised rent $600

Parklea Unit: Median price $567,500, Annual capital growth 7.52%, Number of sales 12, Weekly median advertised rent $500

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Parklea, 2768 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.11%.

Parklea,2768 has offered an average of 11.11% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Parklea are currently offering property investors an average price cut of -3.71% below the asking price at the moment.

Using the current median advertised rental of $600 and the average annual increase in value of a median property of 7.33%, investors should hope to achieve an overall return of 3.47%

Investment property in Parklea has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.09%

Property investors should expect to get $500 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$900,000 $567,500
N/A 0.44%
11.11% 5.09%
7.33% 7.52%
$600 $500
32 12
3.47% 4.58%
33 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3455
Median household income ($/weekly) 2078
Median age of persons 31
Median housing loan repayment ($/monthly) 2600
Average household size 3.4
  • Census Count Percent(%)
    5-14 years 460 13.3
    20-24 years 312 9.0
    25-34 years 789 22.8
    35-44 years 674 19.5
    45-54 years 429 12.4
    Others 792 22.9
    Age Group
    Census Count Percent(%)
    Registered Married 1198 62.6
    Not Married 601 31.4
    Defacto Relationship 116 6.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1863 55.2
    Former Yugoslav Republic of Macedonia 128 3.8
    Indonesia 315 9.3
    Philippines 189 5.6
    Other 344 10.2
    Others 539 16.0
    Country of Birth
    Census Count Percent(%)
    Christianity 1529 58.2
    Hinduism 340 12.9
    Islam 189 7.2
    Other Religious Groups 184 7.0
    No Religion 284 10.8
    Others 101 3.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 61 8.7
    $1,500-$1,999 118 16.8
    $2,000-$2,499 122 17.4
    $2,500-$2,999 108 15.4
    $3,000-$3,499 74 10.6
    Others 218 31.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1152 43.1
    Employed, worked full-time 1046 39.1
    Employed, worked part-time 311 11.6
    Unemployed, looking for work 83 3.1
    Employed, away from work 81 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 164 11.4
    Professionals 360 25.0
    Technicians & trades workers 161 11.2
    Clerical & administrative workers 288 20.0
    Sales 130 9.0
    Others 335 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 77 10.0
    Infants/Primary 312 40.6
    Secondary 180 23.4
    Technical or Further Educational Institution 67 8.7
    University or other Tertiary Institutions 116 15.1
    Others 17 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 1582 59.3
    Separate house 1087 40.7
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 522 67.2
    Rented 186 23.9
    Fully owned 69 8.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals