Question 1

Is Parkerville a nice place to live?

Accepted Answer

Parkerville is a semi-rural pocket in Perth’s eastern hills, set among rolling bushland and tall eucalypts and valued for its country feel. The neighbourhood is made up of larger lots and hobby farms, with a mix of timber cottages and newer country-style homes, plus a small village centre and community facilities that give it a village atmosphere. Outdoor life is a big part of living here, with nearby bush reserves, walking tracks and room for gardens or horses, while local roads provide a straightforward link back to the urban fringe for work and services.

The community numbers 2,432 people and is weighted towards couple households, with couple families with children making up 51.7% of families and couple families without children 36.7%. Most homes are owner-occupied, 92.7% in total, and the typical household income is $2,383 a week (about $124,000 a year). The area is also the focus of several council and federally supported projects, from road and bridge works to upgrades of the oval, hall and the Railway Reserves Heritage Trail, and planning includes a proposed North Parkerville townsite and improved pedestrian and cycle links. Whether Parkerville suits you will come down to how much you value space, rural character and local community facilities.

Question 2

Is it expensive to live in Parkerville?

Accepted Answer

At a median house price of $1,550,000, buying in Parkerville works out to about 12.5 times a typical local household's annual income as recorded at the most recent Census (weekly household income $2,383; annual $123,916). On those figures, buying a house here sits well above local incomes, so whether that feels expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Parkerville a good place to invest?

Accepted Answer

A very large 78.7% increase in house values occurred over the past 12 months in Parkerville. That movement is the capital growth figure for houses for the year and shows a sharp rise in what houses were worth over that period.

If capital appreciation is your main goal, that strong change in house values is the number that matters; whether it suits your investment objectives depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.55M	N/A
Change in value Past 12 months	78.7%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	16	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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