Parkwood
Statistical Area - sa2

An assessment of population growth drivers in Parkwood reveals an overall ranking slightly below national averages considering recent, and medium term trends

Parkwood's population, as of November 2025, is approximately 9,154 people. This figure represents an increase of 317 individuals since the 2021 Census, which recorded a population of 8,837. The increase is inferred from the estimated resident population of 9,145 in June 2024 and five additional validated addresses since the Census date. This results in a population density ratio of 1,474 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. The primary driver for Parkwood's population growth was overseas migration, contributing approximately 77.8% of overall population gains during recent periods.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, Queensland State Government's SA2 area projections are used, released in 2023 based on 2021 data. However, these state projections do not provide age category splits; therefore, AreaSearch applies proportional growth weightings in line with the ABS Greater Capital Region projections for each age cohort. Considering projected demographic shifts, Parkwood is expected to experience above median population growth by 2041, with an increase of 1,343 persons and a total increase of 14.6% over the 17 years based on the latest population numbers.

AreaSearch assessment of residential development drivers sees a low level of activity in Parkwood, placing the area among the bottom 25% of areas assessed nationally

Parkwood recorded approximately 43 residential properties granted approval annually over the past five financial years, totalling 216 homes. As of FY-26, 0 approvals have been recorded. The average population increase per year for each dwelling built between FY-21 and FY-25 was 0.4 people. New supply has kept pace with or exceeded demand, offering ample buyer choice and capacity for population growth beyond current forecasts.

The average construction value of new homes was $492,000, slightly above the regional average. In FY-26, $11.9 million in commercial approvals have been registered, indicating moderate levels of commercial development. Parkwood maintains similar construction rates per person compared to the Rest of Qld, preserving market equilibrium with surrounding areas. New building activity comprises 7.0% standalone homes and 93.0% townhouses or apartments, reflecting a shift from the current housing mix of 91.0% houses due to reduced development sites and changing lifestyle demands. Parkwood has approximately 1901 people per dwelling approval, indicating an established market.

By 2041, Parkwood is projected to grow by 1,334 residents. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Parkwood has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

AreaSearch has identified 32 projects that could impact the area, with major ones including New Coomera Hospital, Coomera Connector Stage 1 - Central Section, Griffith University Gold Coast Campus Expansion, and Urbana (Coomera Urban Village) Stage 3. The following list details those most likely to be relevant.

Professional plan users can use the search below to filter and access additional projects.

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AreaSearch analysis indicates Parkwood maintains employment conditions that align with national benchmarks

Parkwood has a skilled workforce with prominent representation in essential services sectors. The unemployment rate is 3.8%, with an estimated employment growth of 1.5% over the past year as of June 2025.

There are 5,262 residents employed, with an unemployment rate of 3.7%, which is 0.2% below Rest of Qld's rate of 3.9%. Workforce participation in Parkwood is 64.8%, compared to Rest of Qld's 59.1%. Key industries for employment among residents are health care & social assistance, retail trade, and construction.

Agriculture, forestry & fishing has limited presence with 0.3% employment compared to the regional average of 4.5%. Employment opportunities appear limited locally, as indicated by Census data comparing working population to resident population. Between June 2024 and June 2025, employment levels increased by 1.5%, labour force by 2.1%, resulting in an unemployment rate rise of 0.6 percentage points. In comparison, Rest of Qld recorded employment growth of 1.8% and unemployment rising by 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Parkwood's employment mix suggests local growth of approximately 6.7% over five years and 13.9% over ten years, though this is a simplified extrapolation for illustrative purposes only.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

AreaSearch's aggregation of latest postcode level ATO data for financial year 2022 shows Parkwood had a median taxpayer income of $48,663 and an average income of $63,270. These figures are slightly lower than the national averages of $50,780 and $64,844 respectively in Rest of Qld. Based on Wage Price Index growth of 13.99% since financial year 2022, estimated median income as of September 2025 is approximately $55,471, with average income at around $72,121. According to the 2021 Census, household income ranks at the 70th percentile ($2,064 weekly), while personal income sits at the 36th percentile. Income distribution shows that 37.5% of locals (3,432 people) fall into the $1,500 - 2,999 category, similar to the surrounding region's 31.7%. High housing costs consume 16.8% of income, but strong earnings place disposable income at the 68th percentile. The area's SEIFA income ranking places it in the 6th decile.

Parkwood is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Parkwood's dwelling structure, as assessed in the latest Census, consisted of 90.7% houses and 9.3% other dwellings (semi-detached, apartments, 'other' dwellings). This compared to Non-Metro Qld's 44.5% houses and 55.5% other dwellings. Home ownership in Parkwood was higher than Non-Metro Qld at 27.7%, with the rest of dwellings either mortgaged (41.9%) or rented (30.4%). The median monthly mortgage repayment in Parkwood was $1,894, above Non-Metro Qld's average of $1,750. Median weekly rent in Parkwood was recorded at $538, compared to Non-Metro Qld's $420. Nationally, Parkwood's mortgage repayments were higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

Parkwood features high concentrations of group households and family households, with a higher-than-average median household size

Family households account for 80.6% of all households, consisting of 38.1% couples with children, 27.5% couples without children, and 13.3% single parent families. Non-family households make up the remaining 19.4%, with lone person households at 12.8% and group households comprising 6.8%. The median household size is 3.0 people, which is larger than the Rest of Qld average of 2.3.

Parkwood performs slightly above the national average for education, showing competitive qualification levels and steady academic outcomes

The area's educational profile is notable regionally, with university qualification rates at 26.8% for residents aged 15+, exceeding the Rest of Qld average of 20.6%. Bachelor degrees are most common at 18.1%, followed by postgraduate qualifications (6.7%) and graduate diplomas (2.0%). Vocational credentials are held by 36.4% of residents aged 15+, including advanced diplomas (11.9%) and certificates (24.5%).

Educational participation is high, with 32.7% of residents currently enrolled in formal education, comprising 9.6% in tertiary education, 9.0% in primary education, and 7.8% pursuing secondary education. Schools appear to be located outside immediate catchment boundaries, requiring families to access schools in neighboring areas.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Parkwood has 43 active public transport stops, consisting of lightrail and bus services. These are served by 5 routes that together facilitate 1,755 weekly passenger trips. The accessibility of these services is rated as good, with residents on average being located 209 meters from the nearest stop.

The services run at an average frequency of 250 trips per day across all routes, which equates to approximately 40 weekly trips per individual stop.

The level of general health in Parkwood is notably higher than the national average with prevalence of common health conditions quite low across both younger and older age cohorts

Parkwood shows better-than-average health outcomes, with low prevalence of common conditions across both younger and older age groups.

Private health cover rate is approximately 51%, slightly lower than the average SA2 area (~4,686 people). The most prevalent medical conditions are asthma (7.4%) and arthritis (7.3%). 71.5% of residents report no medical ailments, higher than the Rest of Qld's 69.4%. There are 14.3% seniors aged 65 and over (1,309 people), lower than Rest of Qld's 17.1%. Senior health outcomes align with the general population's profile.

Parkwood was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Parkwood's population was found to be more linguistically diverse than most local markets, with 17.9% speaking a language other than English at home as of the latest data. Additionally, 33.3% were born overseas. Christianity was the predominant religion in Parkwood, accounting for 47.2% of its population.

Notably, Islam's representation stood at 2.6%, higher than the Rest of Qld's 1.8%. In terms of ancestry, the top three groups were English (29.0%), Australian (21.9%), and Other (9.9%). Significant differences were observed in the representation of certain ethnicities: New Zealand was overrepresented at 1.7% compared to the regional average of 1.4%, Maori at 2.0% versus 1.6%, and Korean at 0.8% against a regional average of 1.6%.

Parkwood's population is slightly younger than the national pattern

Parkwood's median age is 36, which is lower than the Rest of Qld figure of 41 years. This is also marginally lower than Australia's median age of 38 years. Compared to the Rest of Qld average, Parkwood has an over-representation of the 15-24 cohort (18.7%) and an under-representation of the 75-84 year-olds (4.3%). The 15-24 concentration in Parkwood is well above the national average of 12.5%. Between 2021 and present, the 25 to 34 age group has grown from 13.3% to 15.2%, while the 15 to 24 cohort increased from 17.2% to 18.7%. Conversely, the 5 to 14 cohort declined from 11.8% to 10.1%, and the 45 to 54 group dropped from 13.6% to 12.1%. Demographic modeling suggests that by 2041, Parkwood's age profile will evolve significantly. The 25 to 34 age cohort is projected to expand notably, increasing by 579 people (42%) from 1,391 to 1,971. Conversely, both the 55 to 64 and 15 to 24 age groups are expected to see reduced numbers.