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

Parkwood is a quiet residential pocket in Perth’s southern suburbs with tree-lined streets and predominantly low-rise housing. The suburb is largely made up of established brick family homes with some newer infill and townhouses, so yards and backyard space are common. Local life centres on neighbourhood parks, sporting reserves and community facilities, with a small local shopping strip for everyday needs and larger retail and transport hubs a short drive away.

Home to 5,995 people with a median age of 42, Parkwood is a suburb of families: couple families with children are the largest group (44.3%), and together with couple families without children they make up just over eight in ten family households. Homes are mostly owner-occupied (about 80.3%) and around one in five households are rented. Bus links connect residents to nearby employment and education centres, recent transport changes mean services now link with the Thornlie–Cockburn line and its Nicholson Road and Ranford Road stations, and local upgrades include a golf-course redevelopment, works at Parkwood Primary School and a nearby district play space under construction. Whether that suits you depends on what you want from a suburb.

In Parkwood, WA, house rent is about $750 a week and unit rent about $640 a week. Against a typical local household income of $1,599 a week as recorded at the most recent Census, that means house rent would take roughly 47% of that income and unit rent about 40% — both are a large share of a typical local household's weekly income at the last Census, so renting would be a significant cost for many households.

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

The clearest movement over the past year in Parkwood was on the house side: median house values climbed 23.4%, a strong rise, while house rents increased 9.8%, a solid gain. In other words, house capital growth outpaced rental growth over the 12 months.

Unit rents rose 6.7% over the year, a solid increase, and house rents grew faster than unit rents. For someone weighing Parkwood up as an investment, the value change speaks to capital growth and the rent changes speak to rental income; how those movements suit your goals and circumstances is for you to judge.

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.