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Parkerville, WA 6081

Home » WA Real Estate Data » Shire of Mundaring, WA » Parkerville, WA 6081

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Parkerville, WA 6081 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Parkerville, WA 6081”

  1. The total adult population (15 years or older) of Parkerville 6081 WA is 1,955, with a median age of 42. Of those, 54.22% are married, 11.36% are divorced or separated, 31.87% are single and 2.61% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $10,548. The median monthly mortgage repayment for households in this suburb is $2,015 which is 19.10% of their earnings.

    Source: ABS Census Data (2021)

  2. PARKERVILLE 6081, nestled in WA, is a thriving neighbourhood composed of approximately 980 households. As we dive into Q3 2023 reports, market statistics indicate that typical house prices in PARKERVILLE are $811,358 and the median weekly rent settles at $641. This paints an indicative yield of approximately 4.11%, above the minimum 3% benchmark, showcasing a favourable position for cashflow-focused property investors.

    The socio-economic fabric of PARKERVILLE is flourishing, demonstrated by its impressive IRSAD score of 1053 out of 1217, hinting at the local population’s favourable economic status. With a renter to owner ratio of just 7%, this suburb ticks the box as an appealing location for long-term returns, bolstered by lower risk and less competition.

    Unlike many other saturated markets, PARKERVILLE stands out with a remarkable 0% units to houses ratio. This implies less competition among landlords for tenants, potentially higher rental yields, and a higher likelihood of attracting long-term family tenants.

    Affordability remains a vital contour with the ‘Years to Own’ metric hovering at around 30 years. It sits on the borderline of the favourability threshold, signalling that most residents can afford properties relative to their income, considering a standard 30-year mortgage.

    On the supply end, PARKERVILLE has intriguing facets with sparkling low stock on market percentage of 0.2%, indicating less unsold stock and hence less competition for sellers. inventory level for houses is also promising, with only 0.65 months, signifying a vibrant and readily absorbing market for new listings.

    Furthermore, the building approvals ratio is merely 0.2%, suggesting a low supply of fresh properties in the market, hence limiting upstream competition. With houses selling in just 18 days, the brisk market pace signifies high demand.

    Even though the combined vacancy rate for houses and units is 2.86%, slightly touching the neutral territory, the eminent buy search index at 8 pours back the charm, reaffirming robust demand for houses in PARKERVILLE.

    While these statistics offer an optimistic overview of PARKERVILLE as a potential investment location, keeping track of evolving trends in market data through tools such as HtAG Analytics’ RCS can ease your investment decision-making process. The vibrant property market landscape of PARKERVILLE certainly bears observing for sound real estate investments.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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