Suburb Profile Report for Parkwood WA (6147)

Parkwood House: Median price $480,500, Annual capital growth 2.95%, Number of sales 76, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report

Investment property in Parkwood has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.90%

If we look at median property appreciation over just the last three months, Parkwood has given property investors a paper return of 0.10%. This puts Suburb as 136 on a list of fastest fasting appreciating suburbs in WA

LACK OF BUYER INTEREST may well be the reason that Parkwood is offering property investors an average of -8.26. This rate of discount on properties puts Suburb at number 386th in terms of most discounted suburbs in WA

On average over the past year, suburb has had 6.33 sales per month, which equates to 76 per year.

Advertised rents are around the $360 mark per week – giving a return of 3.90% based on the median price in Suburb

HOUSE UNIT
$480,500 N/A
0.10% N/A
-3.90% N/A
2.95% N/A
$360 N/A
76 N/A
3.90% N/A
57.7 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 6128
Median household income ($/weekly) 1408
Median age of persons 37
Median housing loan repayment ($/monthly) 1800
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 655 10.7
    25-34 years 898 14.7
    35-44 years 784 12.8
    45-54 years 893 14.6
    55-64 years 897 14.6
    Others 2001 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 2430 49.8
    Not Married 2084 42.7
    Defacto Relationship 364 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3325 55.7
    Malta 521 8.7
    Singapore 201 3.4
    United Kingdom 627 10.5
    Other 325 5.4
    Others 967 16.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 527 9.2
    Christianity 3416 59.4
    Hinduism 128 2.2
    Islam 156 2.7
    No Religion 1491 25.9
    Others 35 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 203 9.7
    $1,250-$1,499 193 9.3
    $1,500-$1,999 267 12.8
    $2,000-$2,499 235 11.3
    $2,500-$2,999 228 10.9
    Others 957 45.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2190 43.9
    Not in the labour force 1422 28.5
    Employed, worked part-time 1016 20.4
    Employed, away from work 202 4.0
    Unemployed, looking for work 161 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 685 20.1
    Technicians & trades workers 511 15.0
    Community & personal service workers 383 11.2
    Clerical & administrative workers 623 18.3
    Labourers 341 10.0
    Others 865 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 69 4.9
    Infants/Primary 453 32.2
    Secondary 314 22.3
    Technical or Further Educational Institution 151 10.7
    University or other Tertiary Institutions 377 26.8
    Others 42 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5517 92.5
    Semi-detached, row or terrace house, townhouse 260 4.4
    Flat, unit or apartment 189 3.2
    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 955 41.6
    Fully owned 913 39.7
    Rented 419 18.2
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals