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ABS 2021 Census · Updated 21 May 2026
Parkwood is an outer-metropolitan suburb of Perth, Australia, with a population of approximately 5,995, making it a smaller community. Located approximately 12 km from the Perth CBD, Parkwood is a outer metro area in Western Australia. The median household income is $83,148 per year.
Household incomes in Parkwood sit in a comfortable mid-range for the Western Australia market. Its proximity to the CBD adds a strong location premium.
Official Australia Post postcode for Parkwood. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Parkwood on My School →Estimated 2 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
5,995 residents places Parkwood squarely in the middle of the Western Australia suburb size distribution (state median 5,605), with market depth comparable to most WA localities. Household income of $83,148/year is 17% below the Western Australia median of $99,736, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Median weekly rent of $350 equates to $1,517/month — about 90% of the median mortgage repayment of $1,677/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. 12 km from Perth places Parkwood in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs.
This suburb suits long-term investors due to steady population growth and affordable entry prices. Look for established streets close to schools and shops rather than raw new-estate land. Local rents consume roughly 22% of household income — a useful sanity check on tenant affordability.
How Parkwood stacks up against the median of all Western Australia suburbs in our dataset. Positive values mean Parkwood sits above the state median; negative means below.
| Metric | Parkwood | WA median | Δ vs state |
|---|---|---|---|
| Population | 5,995 | 5,605 | +7% |
| Median household income | $83,148/yr | $99,736/yr | -17% |
| Median rent (weekly) | $350 | $350 | 0% |
| Median mortgage (monthly) | $1,677 | $1,902 | -12% |
| Distance to CBD | 12 km | 20 km | -40% |
| Separate houses | 79% | 79% | 0pp |
Pre-inspection briefing for Parkwood — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Parkwood's 5,995-person market and $83,148 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Strong rental coverage: $350/week (~$1,517/month) covers 90% of the $1,677/month median mortgage repayment, so the shortfall sits at just $160/month. Investors targeting positive cash flow should shortlist this suburb.
With 79% houses in a 5,995-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Parkwood property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Parkwood are modest for 2026 — incomes 17% below the WA median of $99,736 suggest gains will lag headline metro markets. Rental coverage runs at ~90% of the typical mortgage ($1,517/month rent vs $1,677/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 63/100 places Parkwood in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Parkwood scores 63/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 5,995, median household income of $83,148/year and median weekly rent of $350. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Parkwood are proximity to Perth (12 km), a median household income of $83,148/year, a dwelling mix that is 79% separate houses, roughly 1 schools and 2 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Parkwood has a usual resident population of approximately 5,995, compared with a Western Australia suburb median of 5,605 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Parkwood sits 12 km straight-line from the Perth CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.
The most recent census recorded a median weekly rent of $350 in Parkwood, equating to approximately $18,200/year in gross rental income (state median $350/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Parkwood is $1,677, or approximately $20,124/year (vs $1,902/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $350 works out to $1,517/month, covering 90% of the median mortgage repayment of $1,677/month. That leaves a $160/month shortfall (around $1,920/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $1,677 median mortgage, below-median household incomes ($83,148 vs $99,736 state median), the broader Western Australia market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.