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Parkwood

POSTAL CODE: QLD, 4214
HOUSE

Based on its average 5-year and quarterly capital gains PARKWOOD, 4214 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that PARKWOOD, 4214 obtained a 8.9% growth over a ten-year period. It ranks 586th on our list of suburbs that property investors should look into.

PARKWOOD, 4214 in QLD belongs to the local government area of Gold Coast.

PARKWOOD, 4214 has a capital gain of 7.42% for the past year, which is lower than average compared to its 96.02% growth within a five-year period.

With the median home price in PARKWOOD sitting at $1,230,000, and the average rent at $900, property owners could potentially earn a 3.8% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PARKWOOD are low, as opposed to average gains per annum over the past five years.

Surburb overview

Parkwood is a suburb of the City of Gold Coast, Queensland, bearing the postcode 4214. It is approximately 8.7 kilometres northwest of Southport and about 11 kilometres northwest of Surfers Paradise. The suburb is approximately 5.6 square kilometres and has leafy, green streets and well-kept gardens.

As of the 2021 census, Parkwood had a population of 8,837 residents, reflecting a growth from 8,702 in 2016. The predominant age group is 20 to 29 years. Households in Parkwood are primarily composed of couples with children, with an average age of 35. A significant portion of the population engages in professional occupations.

There are no schools within Parkwood itself. The nearest primary school is Arundel State School in the neighbouring suburb of Arundel. For secondary education, students typically attend Pacific Pines State High School in Pacific Pines, Coombabah State High School in Coombabah, or Southport State High School in Southport.

Parkwood offers a range of amenities catering to residents' needs. The suburb is home to the Parkwood Golf Course, providing recreational opportunities for golf enthusiasts. The Parkwood Sharks is the local rugby league club that plays home games at Musgrave Sports Park in nearby Labrador. Residents also benefit from proximity to major shopping centres, including Harbour Town Shopping Centre and Westfield Helensvale, within a 10-minute drive. The suburb's location offers easy access to Griffith University and various local schools, enhancing its appeal to families and professionals alike.

Parkwood is well-connected through various transportation options. The suburb is approximately 6 kilometres from Helensvale railway station, offering train services to Brisbane and other destinations. Local bus services run through many parts of Parkwood, interconnecting with different routes and modes of transport. An extension to the G: link light rail system opened in December 2017, including new stops at Parkwood and Parkwood East, enhancing connectivity to Southport, Surfers Paradise, and Broadbeach. 

The median sale price for houses in Parkwood over the last year is approximately $1,140,000, reflecting a 17.53% growth over the past 12 months. Rental yields for houses are currently at 4.14%, with an average median rent of $890 per week. The median sale price for units is around $700,000, with rental yields at 4.74%.

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