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

As of November 2025, Parkwood's population is estimated at around 6,413 people. This reflects an increase of 418 people since the 2021 Census, which reported a population of 5,995 people. AreaSearch estimates this population based on their examination of the latest ERP data release by the ABS in June 2024 and validation of 27 new addresses since the Census date. This results in a population density ratio of 1,752 persons per square kilometer, above the average seen across national locations assessed by AreaSearch. Parkwood's growth rate of 7.0% since the census is within 1.9 percentage points of the national average (8.9%), indicating competitive growth fundamentals. Overseas migration contributed approximately 87.0% of overall population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022, to estimate Parkwood's population. For areas not covered by this data and post-2032 growth estimates, AreaSearch utilises growth rates by age cohort provided by the ABS in their latest Greater Capital Region projections (released in 2023, based on 2022 data). Considering these projected demographic shifts, Parkwood is expected to increase its population by just below the median of national statistical areas. By 2041, the suburb's population is projected to increase by 551 persons, reflecting a total increase of 9.0% over the 17 years.

AreaSearch analysis of residential development drivers sees Parkwood recording a relatively average level of approval activity when compared to local markets analysed countrywide

AreaSearch analysis of ABS building approval numbers for Parkwood shows approximately 38 residential properties granted approval annually over the past five financial years, totalling an estimated 194 homes. As of FY-26, five approvals have been recorded. The average number of people moving to the area per dwelling built is 1.8 over the past five financial years (FY-21 to FY-25), indicating balanced supply and demand. However, this figure has increased to 5.5 people per dwelling in the past two financial years, suggesting growing popularity and potential supply constraints. New properties are constructed at an average expected cost of $343,000, which is below regional levels, offering more affordable housing options for buyers.

In FY-26, $5.0 million in commercial approvals have been registered, reflective of the area's residential character. Compared to Greater Perth, Parkwood exhibits moderately higher construction activity, with 21.0% above the regional average per person over the five-year period. This maintains reasonable buyer options while sustaining existing property demand.

Recent construction comprises 96.0% standalone homes and 4.0% townhouses or apartments, preserving the area's traditional suburban character focused on family homes. With around 266 people per dwelling approval, Parkwood demonstrates a developing market. According to AreaSearch's latest quarterly estimate, Parkwood is projected to grow by 577 residents by 2041. Based on current development patterns, new housing supply should meet demand, providing favourable conditions for buyers and potentially facilitating further population growth beyond current projections.

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

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified four projects likely affecting this region. Notable ones 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. Below lists those most relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch assessment positions Parkwood ahead of most Australian regions for employment performance

Parkwood has a well-educated workforce with essential services sectors prominently represented. The unemployment rate in Parkwood is 3.2%.

Over the past year, ending June 2025, employment grew by an estimated 3.5%, according to AreaSearch's aggregation of statistical area data. As of June 2025, there are 3,516 residents employed with an unemployment rate at 0.7% below Greater Perth's rate of 3.9%. Workforce participation in Parkwood is somewhat lower than Greater Perth's, at 63.0% compared to 65.2%. The dominant employment sectors among residents include health care & social assistance, education & training, and retail trade.

Manufacturing shows particularly strong specialization, employing 1.5 times the regional level share of workers. In contrast, construction employs only 7.2% of local workers, below Greater Perth's 9.3%. The residential nature of Parkwood appears to offer limited employment opportunities locally, indicated by the count of Census working population versus resident population. Over a 12-month period ending Sep-22, employment increased by 3.5%, labour force grew by 2.9%, resulting in unemployment falling by 0.5 percentage points. In comparison, Greater Perth recorded employment growth of 3.7% and labour force growth of 3.8%, with unemployment rising by 0.1 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 project national employment to expand by 6.6% over five years and 13.7% over ten years, with varying growth rates between industry sectors. Applying these projections to Parkwood's employment mix suggests local employment should increase by 6.2% over five years and 13.2% over ten years, based on a simple weighting extrapolation for illustrative purposes.

The area's income profile falls below national averages based on AreaSearch analysis

Parkwood had a median income among taxpayers of $50,572 during financial year 2022. The average income stood at $64,783 in the same period. Nationally, the median and average incomes were approximately $58,380 and $78,020 respectively for Greater Perth. By September 2025, estimates suggest the median income would be around $57,753 and the average income around $73,982, accounting for a 14.2% growth in wages since financial year 2022. According to the 2021 Census, incomes in Parkwood rank modestly, between the 36th and 41st percentiles for household, family, and personal incomes. In Parkwood, 33.2% of individuals (2,129 people) fall within the $1,500 - $2,999 income range, similar to the surrounding region where 32.0% occupy this bracket. After housing expenses, 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). In comparison, Perth metro had 78.4% houses and 21.6% other dwellings. Home ownership in Parkwood was at 42.6%, with the remaining dwellings either mortgaged (37.7%) or rented (19.6%). The median monthly mortgage repayment in Parkwood was $1,677, lower than Perth metro's average of $1,820. Weekly rent in Parkwood was recorded at $350, matching the Perth metro 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 percent of all households, including 32.7 percent couples with children, 27.1 percent couples without children, and 11.9 percent single parent families. Non-family households comprise the remaining 27.1 percent, with lone person households at 24.4 percent and group households making up 2.7 percent of the total. 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 its residents aged 15+ holding university degrees, compared to the SA3 area's 38.6%. The most common degree is bachelor's at 20.4%, followed by postgraduate qualifications at 6.1% and graduate diplomas at 2.5%. Vocational credentials are held by 32.4% of residents aged 15+, with advanced diplomas at 10.4% and certificates at 22.0%. Current educational participation is high, with 25.6% enrolled in formal education: 8.4% in primary, 5.8% in tertiary, and 5.7% in secondary.

Parkwood Primary School and Lynwood Senior High School serve a total of 1,848 students, reflecting typical Australian school conditions (ICSEA: 1010) with balanced educational opportunities. The area functions as an education hub, offering 28.8 school places per 100 residents, significantly above the regional average of 14.8.

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

Parkwood has 48 active public transport stops, all serving buses. Five different routes operate here, together offering 1096 weekly passenger trips. The average distance to the nearest stop for residents is 164 meters.

On average, there are 156 bus trips per day across all routes, which translates to about 22 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 exhibit relatively positive health outcomes with common conditions seen across both young and old age groups.

Private health cover stands at approximately 53%, slightly above the average SA2 area's rate of around 49%. The most prevalent medical conditions are arthritis, affecting 7.5% of residents, and mental health issues, impacting 6.7%. A total of 70.4% report no medical ailments, compared to 76.0% in Greater Perth. In Parkwood, 21.7% of residents are aged 65 and over (1,391 people), higher than Greater Perth's 15.9%. Seniors' health outcomes are strong, outperforming the general population in health 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's cultural diversity is notable, with 33.9% of residents speaking a language other than English at home and 48.0% born overseas. Christianity is the predominant religion in Parkwood, accounting for 42.4% of its population. However, Buddhism stands out as 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%). Some ethnic groups show notable differences: Korean is slightly overrepresented at 1.1% in Parkwood compared to the regional figure of 1.2%, Dutch at 1.8% versus 1.3%, and South African at 0.8% versus 0.6%.

Parkwood hosts an older demographic, ranking in the top quartile nationwide

The median age in Parkwood is 42 years, which is significantly higher than Greater Perth's average of 37 years and Australia's average of 38 years. The 65-74 age group comprises 12.8% of Parkwood's population, compared to Greater Perth, while the 25-34 age group makes up 11.9%. According to post-2021 Census data, the 15-24 age group has increased from 10.1% to 11.0% of Parkwood's population. Conversely, the 55-64 age group has decreased from 14.0% to 12.3%. Population forecasts for 2041 indicate substantial demographic changes in Parkwood. Notably, the 75-84 age group is expected to grow by 52%, reaching 673 people from 442. The combined 65+ age groups are anticipated to account for 57% of total population growth, reflecting Parkwood's aging demographic profile. In contrast, the 0-4 and 5-14 age groups are expected to experience population declines.