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Parkwood suburb profile

Parkwood is a well-established suburb located in the northern part of the Gold Coast, Queensland. Known for its family-friendly atmosphere and convenient amenities, Parkwood offers a mix of residential options, including spacious homes and modern townhouses. The suburb is home to the popular Parkwood International Golf Course, providing recreational opportunities for residents and visitors alike. With its proximity to Griffith University, Gold Coast University Hospital, and easy access to public transport, Parkwood is a desirable location for students, healthcare professionals, and families. Its blend of suburban tranquility and accessibility to urban conveniences makes Parkwood a sought-after destination.

Parkwood property market performance

Property growth+9.1%Past 12 months

Parkwood’s property market has shown robust growth over the past 12 months, with house values increasing by 11.3%. The current median house price stands at approximately $1.29 million. However, the unit market remains inactive, with no change in median unit value and minimal sales activity.

In terms of sales, 19 houses have been sold in the past 12 months, with a swift median time on market of just 18 days, indicating strong demand. The unit market, however, has seen only 2 sales, reflecting limited activity and interest.

The rental market for houses in Parkwood has experienced a modest increase, with average rents rising by 3.3% over the last year to $930. The unit rental market remains stagnant, with no recorded changes or activity.

HousesUnits
Median price
Past 3 months
$1.33MN/A
Change in value
Past 12 months
12.6%N/A
Sold
Past 3 months
211
Median days on market
Past 12 months
17N/A
Average rent
Past 12 months
$940N/A
Change in rent
Past 12 months
4.4%N/A

5 year median price trend for houses and units

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Parkwood demographics

Parkwood, located in the northern suburbs of the Gold Coast, is a family-friendly area known for its suburban charm and proximity to key amenities. With a population of 8,837 and a median age of 37, Parkwood is home to a balanced mix of families, professionals, and retirees. The suburb's appeal is enhanced by its accessibility to the Gold Coast University Hospital, Griffith University, and the G:link light rail, making it a convenient location for both work and study.

The suburb's housing market reflects a strong sense of community and stability, with 27.9% of properties owned outright and 41.8% owned with a mortgage. This indicates a significant proportion of long-term residents who have invested in the area. Additionally, 30.3% of the properties are rented, providing options for those seeking more flexible living arrangements. The median total household income of $2,064 per week suggests a relatively comfortable standard of living for its residents.

Family dynamics in Parkwood are diverse, with 45.9% of households being couple families with children, and 35.7% being couple families without children. One-parent families make up 16.7% of the community, highlighting the suburb's inclusive nature. The presence of parks, recreational facilities, and schools further supports its reputation as a desirable location for families. Parkwood's blend of suburban tranquility and urban convenience makes it an attractive choice for those looking to enjoy the best of both worlds on the Gold Coast.

Suburbs near Parkwood

Some popular suburbs near Parkwood include:

  • Arundel: Known for its family-friendly atmosphere and proximity to golf courses, Arundel is located directly south of Parkwood.
  • Labrador: Featuring a vibrant coastal lifestyle with parks and waterfront views, Labrador is situated to the east of Parkwood.
  • Biggera Waters: Known for its marina and shopping precincts, Biggera Waters lies to the northeast of Parkwood.
  • Gaven: Offering a semi-rural feel with spacious properties, Gaven is located to the west of Parkwood.
  • Molendinar: Known for its industrial areas and residential developments, Molendinar is situated to the southwest of Parkwood.

How does Parkwood compare to nearby suburbs?

  • Median house prices: Parkwood’s median house price is 34.8% higher than Labrador’s.
  • House price growth: Over the past 12 months, house prices in Parkwood have grown 15.9% higher than in Biggera Waters.
  • Unit price growth: Property prices in nearby Arundel have risen 11.1% more than in Parkwood over the past year.
  • Selling speed for houses: Properties in Parkwood are selling 15.0% faster than in Arundel.

Choose the right real estate agents in Parkwood

In Parkwood ,63 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 39.4% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2% and 2.94%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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