Suburb Profile Report for Parkerville WA (6081)

Parkerville House: Median price $485,000, Annual capital growth -0.70%, Number of sales 24, Weekly median advertised rent $450

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

Giving property investors a a poor capital gain of -14.91% for the last year, Parkerville, 6081 is the 3758th highest performer in Australia in this respect.

Over the longer term, Parkerville has seen property prices show investors a -18.83% return over the last 3 years. This is an improvement over the last 12 months

Property buyers and investors in Parkerville 6081 should be seeing an average reduction in asking price of around -5.87% . This means that Parkerville is holding prices well when compared to other suburbs in WA.

Often selling an investment property can take time, and in Parkerville the average time real estate has been on the market is 92.9444 days.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Information supplied by:


August 2017

M
O

W
E

Poor state market begins to pull down growing suburb

Postcode: 6081

Median house price: $590,000

Three-year growth: 7.37%

Rental yield: 3.97%

In the Shire of Mundaring, the suburb of Parkerville struggles to maintain its positive growth trend as the WA market continues to decline.

While house prices still jumped by 9.26% in the past year, they faltered in the May 2017 quarter by 5.6%, bringing the median value to $590,000. The average discount rate passed 7%, with properties spending quite a bit of time on the market, indicating that it has not been easy to sell in this area.

Nonetheless, families may be drawn by the presence of schools in the area, including Parkerville Primary School and Mundaring Christian College. Moreover, Jane Brook passes through Parkerville on its route to the Swan River, and the suburb is just minutes from John Forrest National Park. Perth is just roughly 45 minutes away via National Highway 94.

Metrics i HOUSE UNIT
$485,000 N/A
-1.02% N/A
-14.91% N/A
-0.70% N/A
$450 N/A
24 N/A
4.82% N/A
92.9444444444444 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2227
Median household income ($/weekly) 1851
Median age of persons 38
Median housing loan repayment ($/monthly) 1800
Average household size 3
  • Census Count Percent(%)
    5-14 years 370 16.6
    15-19 years 185 8.3
    35-44 years 393 17.6
    45-54 years 403 18.1
    55-64 years 242 10.9
    Others 635 28.5
    Age Group
    Census Count Percent(%)
    Registered Married 896 57.3
    Not Married 515 32.9
    Defacto Relationship 154 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1620 76.1
    Greece 23 1.1
    Papua New Guinea 85 4.0
    United Kingdom 277 13.0
    Other 49 2.3
    Others 74 3.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1128 56.3
    No Religion 850 42.4
    Buddhism 16 0.8
    Other Religious Groups 6 0.3
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 44 7.0
    $1,500-$1,999 97 15.5
    $2,000-$2,499 59 9.4
    $2,500-$2,999 103 16.5
    $3,000-$3,499 60 9.6
    Others 262 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 717 43.8
    Not in the labour force 428 26.2
    Employed, worked part-time 375 22.9
    Employed, away from work 78 4.8
    Unemployed, looking for work 38 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 145 12.4
    Professionals 251 21.4
    Technicians & trades workers 216 18.4
    Community & personal service workers 105 9.0
    Clerical & administrative workers 194 16.6
    Others 260 22.2
    Occupation
    Census Count Percent(%)
    Pre-school 49 8.4
    Infants/Primary 239 41.1
    Secondary 168 28.9
    Technical or Further Educational Institution 44 7.6
    University or other Tertiary Institutions 75 12.9
    Others 7 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2089 99.4
    Semi-detached, row or terrace house, townhouse 12 0.6
    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 408 57.5
    Fully owned 237 33.4
    Rented 58 8.2
    Other tenure type 6 0.8
    Tenure Type
Census 2011, ABS
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