Suburb Profile Report for Parklea NSW (2768)

Parklea House: Median price $900,000, Annual capital growth 7.28%, Number of sales 29, Weekly median advertised rent $600

Parklea Unit: Median price $580,000, Annual capital growth 7.06%, Number of sales 14, Weekly median advertised rent $505

  • 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%.

A 63.64% growth in median value for property investors in Parklea,2768 puts this suburb at number 412th in terms of best performing suburbs in NSW

At number 1067th of NSW’s most discounted properties, Parklea is in the TOP 20% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.

A $600 per week rent on the median house gives suburb investors a gross yield of circa 3.47%, without taking into account capital value appreciation, which has been averaging out at 7.28%.

Property value increases in Parklea have tracked just higher than the NSW average of 7.74% over the last 12 months.

Sellers are offering property buyers an average discount of -5.02% to buyers in Parklea at the moment, which is less than average for the rest of NSW.

A $505 per week rent on the median house gives suburb investors a gross yield of circa 4.53%, without taking into account capital value appreciation, which has been averaging out at 7.06%.

Metrics i HOUSE UNIT
$900,000 $580,000
4.65% 3.57%
11.11% 15.54%
7.28% 7.06%
$600 $505
29 14
3.47% 4.53%
22 45.1

Source: CoreLogic

DSR Score for property investment : Above average (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
Chart Table
Recent sales & rentals