Question 1

Is Parkwood a nice place to live?

Accepted Answer

Parkwood is a quiet, family-oriented suburb on the northern Gold Coast, set inland from the surf beaches. Streets mix older low-set homes and newer estate developments, and the neighbourhood has pocket parks, sporting fields and established trees. Local shops and schools cover everyday needs while nearby commercial precincts provide employment and broader services. Most people rely on cars, though there are public transport links and good road connections to larger centres.

Home to 8,837 people, Parkwood is weighted towards families and owner-occupiers, with about 69.7% of homes owned and 30.3% rented. Major public-transport and active-travel projects are planned, including a light rail extension with new Parkwood stops and added walking and cycling paths. The Parkwood and Arundel Community Centre is listed for accessibility and internal upgrades. Whether Parkwood suits you depends on what you want from a suburban, low-rise place with good access to the coast and larger centres.

Question 2

Is it expensive to live in Parkwood?

Accepted Answer

Buying a house in Parkwood sits well above what local households earned at the last Census. The median house price of $1,325,000 is about 12.3 times a typical local household's annual income at the last Census (household income $2,064 a week, or $107,328 a year). Renting is less stretched but still significant: a typical house rent of $938 a week would take about 45.5% of a typical local household's weekly income at the last Census, which is a large share of income. On these figures, buying is much more stretched against local incomes than renting, though rent itself takes a large portion of income.

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 Parkwood a good place to invest?

Accepted Answer

Over the past 12 months house values in Parkwood climbed 14.3%, a strong rise in what houses are worth. House rents rose 4.2% over the same period, a modest increase in rental income, so on these figures capital growth outpaced rental income for houses this year.

If you're weighing Parkwood up as an investment, the numbers show the house market has delivered stronger price growth than rent growth over the past year; which of those outcomes matters most will depend 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	$1.32M	N/A
Change in value Past 12 months	14.3%	N/A
Sold Past 3 months	21	1
Median days on market Past 12 months	17	N/A
Average rent Past 12 months	$938	N/A
Change in rent Past 12 months	4.2%	N/A

Get a property report and suburb profile for any property in Parkwood

Parkwood suburb profile

Parkwood property market performance

5 year median price trend for houses and units

Parkwood demographics

Suburbs near Parkwood

How does Parkwood compare to nearby suburbs?

Choose the right real estate agents in Parkwood

Get a head start and compare top local agents in Parkwood

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market