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Parkwood

POSTAL CODE: WA, 6147
HOUSE

Property investors enjoyed capital gains of 11.18% over the last 12 months in PARKWOOD, translating to lower returns compared with its peers in WA.

A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 6.03% growth over a ten-year period. It ranks 2668th on our list of suburbs that property investors should look into.

PARKWOOD, 6147 has a capital gain of 11.18% for the past year, which is lower than average compared to its 108.13% growth within a five-year period.

With the median home price in PARKWOOD sitting at $870,000, and the average rent at $697.5, property owners could potentially earn a 4.17% 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.

PARKWOOD, 6147 in WA belongs to the local government area of Canning.

Surburb overview

Parkwood is a well-established Canning suburb approximately 13 kilometres southeast of Perth's central business district. Known for its family-friendly environment, Parkwood offers a blend of residential comfort, recreational facilities, and convenient amenities.

According to the 2021 Census, Parkwood had a population of 5,995 residents, with a median age of 42. The community comprises 1,742 families, with an average of 1.7 children per family. The gender distribution is nearly equal, with 49.7% male and 50.3% female residents.

Parkwood's real estate market has shown significant growth. According to recent data, the median house price is approximately $801,750, reflecting a 16% increase over the past year. Houses in the area typically spend an average of 7 days on the market.

Parkwood hosts reputable educational institutions. Parkwood Primary School is a government co-educational primary school located at 9 Zelkova Way, serving students from Kindergarten to Year 6. Lynwood Senior High School is situated at 436 Metcalfe Road, and this government co-educational secondary school offers education from Year 7 to Year 12.

Parkwood is well-connected through public transport. Transperth bus services provide routes to nearby train stations such as Cannington and Bull Creek, facilitating easy access to Perth CBD and surrounding areas.

The suburb offers various recreational facilities. Hossack Reserve is a popular park featuring soccer and basketball facilities, bike paths, playgrounds, and leisure areas. Whaleback Golf Course is an 18-hole public golf course catering to golfers of all skill levels. These amenities contribute to Parkwood's appeal as a family-friendly suburb.

Residents can access local shopping centres, including Parkwood Village Shopping Centre, which offers a range of retail outlets and services. The nearby Riverton Forum also provides a broader selection of shops and dining options.

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