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Parkes suburb profile

Parkes is Canberra's ceremonial heart, dominated by Parliament House and the lakeside institutions of the Parliamentary Triangle, with broad avenues, formal parkland and direct frontage to Lake Burley Griffin. The suburb feels more institutional than suburban, with cultural attractions, memorials and open green spaces setting the pace rather than a busy shopping strip. Residents tend to be people drawn to the public service, cultural sector or who value doorstep access to national attractions, and the housing mix is concentrated around a handful of quieter streets and some apartment pockets on the edges. Transport links and nearby city amenities make it easy to cross between work, events and the lakefront recreation.

Parkes property market performance

Like many smaller suburbs, Parkes sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show unit values fell sharply, down 27.5% over the last 12 months.

Over the last three months there were five unit sales. Units sold in a median of 85 days over the last 12 months.

The rental market in Parkes shows unit rents at $790 a week, rising sharply, up 14.5% over the last 12 months.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
N/A-27.5%
Sold
Past 3 months
N/A5
Median days on market
Past 12 months
N/A85
Average rent
Past 12 months
N/A$790
Change in rent
Past 12 months
N/A14.5%

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Parkes demographics

Parkes (2600) records a population of 0, with a median age of 32 and a median total household income of $0 a week.

Family composition and property tenure figures are not reported for Parkes, so published percentages for couple families with children, couple families without children, one-parent families, other families, and for owned outright, owned with a mortgage or rented homes are unavailable.

Suburbs near Parkes

Some popular suburbs near Parkes include:

  • Barton: Small inner south suburb with a mix of government offices and leafy streets.
  • Forrest: Established suburb known for tree-lined streets and grand older homes.
  • Kingston: Lakeside suburb with a lively foreshore along Lake Burley Griffin.
  • Griffith: Leafy inner south suburb with established homes and a local village centre.
  • Reid: Compact inner north suburb near the city centre, with open parkland.

How does Parkes compare to nearby suburbs?

  • Median unit prices: Parkes’s median unit price is 37.6% higher than Barton’s.
  • Unit price growth: Property prices in nearby Barton have risen 32.9% more than in Parkes over the past year.
  • Selling speed for units: Properties in Parkes are selling 24.1% faster than in Reid.
  • Unit price growth:Over the past 12 months, unit prices in Parkes have grown 28.8% higher than the average rate of growth for units across Canberra.

Choose the right real estate agents in Parkes

There are 14 real estate agents in Parkes, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 43.8% of all sales in the past year.

Commission rates in Parkes typically range from 2% to 2.54%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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