Suburb Profile Report for Parklea NSW (2768)

Parklea House: Median price $860,000, Annual capital growth 6.74%, Number of sales 25, Weekly median advertised rent $600

Parklea Unit: Median price $560,000, Annual capital growth 6.59%, Number of sales 14, Weekly median advertised rent $495

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Parklea have tracked close to the NSW average of 7.47% over the last 12 months.

Over the longer term, Parklea has seen property prices show investors a 38.49% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Parklea 2768 should be seeing an average reduction in asking price of around -2.87% . This means that Parklea is holding prices well when compared to other suburbs in NSW.

Parklea, 2768’s gross rental yield is 3.63%

With a capital gain of 11.55% for the last 12 months, Parklea, 2768 has performed for property investments than its average annual 6.59% property growth over the last 5 years.

Metrics i HOUSE UNIT
$860,000 $560,000
2.37% 3.70%
6.57% 11.55%
6.74% 6.59%
$600 $495
25 14
3.63% 4.60%
37.2 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
Chart Table
Recent sales & rentals