Suburb Profile Report for Parkes NSW (2870)

Parkes House: Median price $252,000, Annual capital growth 2.44%, Number of sales 177, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report

At number 3028th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkes, 2870 is in the BOTTOM 30% with a property value increase of 0.00% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Parkes,2870 has racked up an average of 0.00% over the period. This ranks it number 3398th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Parkes should be aiming for at least -7.34% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $265 and the average annual increase in value of a median property of 2.44%, investors should hope to achieve an overall return of 5.47%

Metrics i HOUSE UNIT
$252,000 N/A
-2.80% N/A
0.00% N/A
2.44% N/A
$265 N/A
177 N/A
5.47% N/A
134.33 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 11265
Median household income ($/weekly) 950
Median age of persons 38
Median housing loan repayment ($/monthly) 1387
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1776 15.8
    25-34 years 1260 11.2
    35-44 years 1361 12.1
    45-54 years 1476 13.1
    55-64 years 1214 10.8
    Others 4179 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 3707 48.9
    Not Married 3077 40.6
    Defacto Relationship 798 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 9900 94.6
    Papua New Guinea 65 0.6
    Philippines 47 0.4
    United Kingdom 161 1.5
    Other 64 0.6
    Others 224 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 0.4
    Christianity 9139 88.7
    Hinduism 15 0.1
    Islam 16 0.2
    No Religion 1072 10.4
    Others 14 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 433 11.8
    $400-$599 483 13.2
    $600-$799 404 11.0
    $1,000-$1,249 355 9.7
    $1,500-$1,999 417 11.4
    Others 1577 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3141 38.9
    Employed, worked full-time 3004 37.2
    Employed, worked part-time 1379 17.1
    Employed, away from work 328 4.1
    Unemployed, looking for work 219 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 574 12.2
    Professionals 683 14.5
    Technicians & trades workers 735 15.6
    Clerical & administrative workers 636 13.5
    Machinery operators & drivers 567 12.0
    Others 1516 32.2
    Occupation
    Census Count Percent(%)
    Pre-school 217 8.4
    Infants/Primary 1020 39.6
    Secondary 848 33.0
    Technical or Further Educational Institution 291 11.3
    University or other Tertiary Institutions 169 6.6
    Others 28 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9644 94.3
    Semi-detached, row or terrace house, townhouse 279 2.7
    Flat, unit or apartment 219 2.1
    Caravan, cabin, houseboat 55 0.5
    House or flat attached to a shop, office 25 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1397 34.9
    Being purchased 1309 32.7
    Rented 1259 31.4
    Other tenure type 39 1.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals