Parkwood (WA)

Parkwood is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

Parkwood's population is estimated at around 6,771 as of Nov 2025. This figure reflects an increase of 776 people since the 2021 Census, which reported a population of 5,995 in Parkwood (WA) statistical area (Lv2). The change is inferred from AreaSearch's estimation of 6,493 residents following examination of ABS ERP data release in June 2024 and an additional 27 validated new addresses since the Census date. This level of population results in a density ratio of 1,850 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. Parkwood's growth rate of 12.9% since the 2021 census exceeded the national average of 9.7%. Overseas migration contributed approximately 87.0% of overall population gains during recent periods in Parkwood (WA) (SA2).

AreaSearch is adopting 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 post-2032 growth estimation, AreaSearch utilises ABS Greater Capital Region projections released in 2023 based on 2022 data. Considering projected demographic shifts, Parkwood (WA) statistical area (Lv2) is expected to increase by 555 persons to 2041, reflecting a total increase of 3.3% over the 17 years.

Residential development activity is slightly higher than average within Parkwood when compared nationally

Parkwood recorded approximately 41 residential properties granted approval per year over the past five financial years, totalling an estimated 206 homes. In FY-26 so far, 13 approvals have been recorded. On average, about 1.6 people moved to the area for each dwelling built between FY-21 and FY-25, indicating balanced supply and demand with stable market conditions. However, this figure increased to 4.5 people per dwelling over the past two financial years, suggesting growing popularity and potential supply constraints in the area. New properties are constructed at an average expected cost of $343,000.

This year, $2.4 million in commercial development approvals have been recorded, reflecting Parkwood's primarily residential nature. Compared to Greater Perth, Parkwood has slightly more development, with 28.0% above the regional average per person over the past five years. This preserves reasonable buyer options while sustaining existing property demand, though construction activity has recently eased.

Recent construction comprises 96.0% standalone homes and 4.0% townhouses or apartments, maintaining Parkwood's traditional suburban character focused on family homes. With around 216 people per dwelling approval, Parkwood shows a developing market. According to the latest AreaSearch quarterly estimate, Parkwood is projected to add 223 residents by 2041. 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 moderate levels of nearby infrastructure activity, ranking in the 45thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified four projects likely affecting the area. Key projects are METRONET Tulloch Way Housing Development, Warehouse Style Sports Centre at 39 Magnet Road, Market City Wholesale Fresh Produce Market, and 4WD Supa Centre Warehouse DC and Retail Showroom.

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 highly educated workforce with significant representation in essential services sectors. Its unemployment rate is 3.3%, with an estimated employment growth of 2.3% over the past year, as per AreaSearch's statistical area data aggregation.

As of September 2025, 3470 residents are employed while the unemployment rate is 0.6% lower than Greater Perth's rate of 4.0%. Workforce participation stands at 63.0%, slightly below Greater Perth's 65.2%. Dominant employment sectors include health care & social assistance, education & training, and retail trade. Manufacturing shows strong specialization with an employment share 1.5 times the regional level.

Conversely, construction employs only 7.2% of local workers, lower than Greater Perth's 9.3%. Limited local employment opportunities are suggested by Census working population vs resident population counts. In the past year, employment increased by 2.3%, labour force by 2.0%, leading to a 0.3 percentage point unemployment rate decrease. Greater Perth recorded higher employment growth of 2.9% and labour force growth of 3.0%, with a marginal unemployment rise. State-level data as of 25-Nov-25 shows WA employment contracted by 0.27%, with an unemployment rate of 4.6%, compared to the national rate of 4.3%. National employment forecasts project a 6.6% increase over five years and 13.7% over ten years, but growth rates vary significantly across industry sectors. Applying these projections to Parkwood's employment mix suggests local employment could grow by 6.2% over five years and 13.2% over ten years, based on a simple weighting extrapolation for illustrative purposes.

Income levels sit below national averages according to AreaSearch assessment

According to AreaSearch's aggregation of latest postcode level ATO data released on June 30, 2023, Parkwood had a median income among taxpayers of $50,572 and an average income of $64,783. This is lower than the national average, which was $60,748 in Greater Perth during the same period. Based on Wage Price Index growth of 9.62% since June 30, 2023, current estimates for Parkwood would be approximately $55,437 (median) and $71,015 (average) as of September 2025. From the 2021 Census, household, family, and personal incomes in Parkwood ranked modestly, between the 36th and 41st percentiles. The data shows that 33.2% of Parkwood's population (2,247 individuals) fall within the $1,500 - $2,999 income range, similar to the surrounding region where 32.0% occupy this bracket. After housing costs, 86.6% of income remains for other expenses. The area's SEIFA income ranking places it in the 5th decile.

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

Parkwood's dwelling structure, as per the latest Census, consisted of 84.0% houses and 15.9% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Perth metro's 74.8% houses and 21.6% other dwellings. Home ownership in Parkwood stood at 42.6%, with mortgaged dwellings at 37.7% and rented ones at 19.6%. The median monthly mortgage repayment was $1,677, lower than Perth metro's average of $1,820. Median weekly rent in Parkwood was $350, matching Perth metro's figure. Nationally, Parkwood's mortgage repayments were below the Australian average of $1,863, and rents were less than the national figure of $375.

Parkwood has a typical household mix, with a lower-than-average median household size

Family households constitute 72.9% of all households, including 32.7% couples with children, 27.1% couples without children, and 11.9% single parent families. Non-family households account for the remaining 27.1%, with lone person households at 24.4% and group households comprising 2.7%. The median household size is 2.5 people, which is smaller than the Greater Perth average of 2.7.

Educational attainment in Parkwood aligns closely with national averages, showing typical qualification patterns and performance metrics

Parkwood Trail has 29.0% of residents aged 15 and above with university degrees, compared to the SA3 area's 38.6%. This indicates potential for educational development. Bachelor degrees are most prevalent at 20.4%, followed by postgraduate qualifications (6.1%) and graduate diplomas (2.5%). Vocational credentials are also notable, with 32.4% of residents holding them – advanced diplomas at 10.4% and certificates at 22.0%.

Educational participation is high, with 25.6% currently enrolled in formal education: 8.4% in primary, 5.8% in tertiary, and 5.7% in secondary education.

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

Parkwood has 47 active public transport stops, all of which are bus stops. These stops are served by six different routes that together facilitate 1,734 weekly passenger trips. The accessibility of these services is rated as excellent, with residents on average being located just 179 meters from the nearest stop.

Each route operates an average of 247 trips per day, which equates to approximately 36 weekly trips per individual stop.

Parkwood's residents are healthier than average in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Parkwood residents show relatively positive health outcomes, with common conditions seen across both young and old age groups.

Private health cover stands at approximately 53%, slightly higher than the average SA2 area (~3,583 people). The most prevalent medical conditions are arthritis (7.5%) and mental health issues (6.7%), while 70.4% of residents report no medical ailments, compared to 76.0% in Greater Perth. Residents aged 65 and over comprise 21.6% (1,462 people), higher than the 15.9% in Greater Perth. Health outcomes among seniors are notably strong, outperforming general population metrics.

Parkwood is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Parkwood has a high cultural diversity, with 33.9% of its population speaking a language other than English at home and 48.0% born overseas. Christianity is the predominant religion in Parkwood, making up 42.4% of people. However, Buddhism is overrepresented compared to Greater Perth, comprising 8.1% versus 6.7%.

The top three ancestry groups are English (23.7%), Australian (17.5%), and Chinese (16.4%). Notably, Korean (1.1%) is slightly overrepresented compared to the regional average of 1.2%, Dutch at 1.8% versus 1.3%, and South African at 0.8% versus 0.6%.

Parkwood's median age exceeds the national pattern

The median age in Parkwood is 42 years, significantly higher than Greater Perth's average of 37 years and Australia's 38 years. The 65-74 age group constitutes 12.7% of Parkwood's population, compared to Greater Perth's figure, while the 25-34 cohort makes up 11.9%. Post-2021 Census data shows an increase in the 15 to 24 age group from 10.1% to 11.0%, and a decrease in the 55 to 64 cohort from 14.0% to 12.3%. By 2041, population forecasts indicate substantial demographic changes for Parkwood. Notably, the 75 to 84 age group is projected to grow by 44%, reaching 675 people from 467. The combined 65+ age groups are expected to account for 65% of total population growth, reflecting Parkwood's aging demographic profile. Conversely, the 25 to 34 and 0 to 4 cohorts are projected to experience population declines.