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 Feb 2026. This reflects an increase of 776 people since the 2021 Census, which reported a population of 5,995. The change is inferred from AreaSearch's estimate of 6,493 residents following examination of ABS ERP data release in June 2024 and validation of 30 new addresses since the Census date. This level of population equates to a density ratio of 1,850 persons per square kilometer, above 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 9.9%. Overseas migration contributed approximately 87.0% of overall population gains during recent periods.

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, the suburb of Parkwood (WA) is expected to increase by 553 persons to 2041, reflecting an increase of 3.1% over the 17 years.

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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Parkwood recorded around 41 residential properties granted approval per year over the past five financial years. This totals an estimated 206 homes. So far in FY-26, 13 approvals have been recorded. Over these five years (FY-21 to FY-25), on average, 1.6 people moved to Parkwood for each dwelling built. However, recent data shows this has increased to 4.5 people per dwelling over the past two financial years, indicating growing popularity and potential supply constraints in the area.

New properties are constructed at an average value of $343,000. Additionally, $2.4 million in commercial development approvals have been recorded this financial year, reflecting Parkwood's primarily residential nature. When compared to Greater Perth, Parkwood has slightly more development activity, with 28.0% above the regional average per person over the five-year period.

This preserves reasonable buyer options while sustaining existing property demand. Recent construction comprises 96.0% standalone homes and 4.0% townhouses or apartments, maintaining the area's traditional suburban character focused on family homes. With around 216 people moving to Parkwood for each dwelling approval over these years, it shows a developing market. According to AreaSearch's latest quarterly estimate, Parkwood is projected to add approximately 207 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting population growth beyond current projections.

Parkwood has moderate levels of nearby infrastructure activity, ranking in the 48thth percentile nationally

AreaSearch has identified four projects that could impact the local area's performance. These include 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. The following list details those projects likely to be most relevant.

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

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

Parkwood has an educated workforce with prominent representation in essential services sectors. The unemployment rate was 3.3% as of September 2025, lower than Greater Perth's 4.0%. Employment grew by 2.5% over the past year, according to AreaSearch data aggregation.

As of that date, 3,494 residents were employed with a participation rate of 66.3%, compared to Greater Perth's 71.6%. Only 6.3% of residents worked from home, based on Census responses. Dominant employment sectors include health care & social assistance, education & training, and retail trade. Manufacturing stands out with an employment share 1.5 times the regional level.

Conversely, construction employs just 7.2% of local workers, below Greater Perth's 9.3%. Limited local employment opportunities are suggested by Census data comparing working population to resident population. Over a 12-month period ending in September 2025, employment increased by 2.5%, labour force by 2.1%, and unemployment fell by 0.3 percentage points. In contrast, Greater Perth saw employment growth of 2.9% and unemployment rise marginally. National employment forecasts from Jobs and Skills Australia (May-25) project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Parkwood's employment mix suggests local employment should grow by 6.2% over five years and 13.2% over ten years, though these are simple weighted extrapolations for illustrative purposes only.

Income levels sit below national averages according to AreaSearch assessment

According to AreaSearch's aggregation of latest postcode level ATO data released for financial year ended June 2023, median income among taxpayers in Parkwood suburb was $50,572 with average level at $64,783. This is lower than national averages of $60,748 and $80,248 across Greater Perth respectively. Based on Wage Price Index growth of 9.62% since financial year ended June 2023, current estimates would be approximately $55,437 (median) and $71,015 (average) as of September 2025. From the Census conducted in August 2021, household, family and personal incomes rank modestly in Parkwood, between 36th and 41st percentiles. Data shows 33.2% of population (2,247 individuals) fall within $1,500 - $2,999 income range, similar to surrounding region at 32.0%. After housing costs, 86.6% of income remains for other expenses and SEIFA income ranking places Parkwood in the 5th decile.

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

Parkwood's dwelling structures, as per the latest Census, consisted of 84.0% houses and 15.9% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Perth metro's figures of 77.8% houses and 22.1% 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, below Perth metro's average of $1,907. Median weekly rent in Parkwood was $350, matching Perth metro's figure. Nationally, Parkwood's mortgage repayments were lower than 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 comprise the remaining 27.1%, with lone person households at 24.4% and group households making up 2.7%. The median household size is 2.5 people, which is smaller than the Greater Perth average of 2.6.

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+ with university degrees, compared to 38.6% in the SA3 area. This difference suggests potential for educational development. Bachelor degrees are most common at 20.4%, followed by postgraduate qualifications (6.1%) and graduate diplomas (2.5%). Vocational credentials are also prevalent, with 32.4% of residents aged 15+ holding them, including advanced diplomas (10.4%) and certificates (22.0%).

Educational participation is high, with 25.6% of residents currently enrolled in formal education. This includes 8.4% in primary education, 5.8% in tertiary education, and 5.7% pursuing 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 serving a mix of bus routes. These stops are serviced by 6 individual routes, providing a total of 1,734 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 179 meters from the nearest stop. Most residents commute outward due to Parkwood's residential nature. Car remains the dominant mode of transport at 83%, while train accounts for 8%. Vehicle ownership averages 1.5 per dwelling.

According to the 2021 Census, only 6.3% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 247 trips per day across all routes, equating to approximately 36 weekly trips per individual stop.

The level of general health in Parkwood is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Parkwood shows better-than-average health outcomes, according to AreaSearch's evaluation of mortality rates and chronic condition prevalence. Both young and elderly cohorts have low prevalence of common health conditions.

Private health cover is higher than average at approximately 53% of the total population (~3,583 people), compared to Greater Perth's 59.0%. The most prevalent medical conditions are arthritis (7.5%) and mental health issues (6.7%). 70.4% of residents report no medical ailments, slightly lower than Greater Perth's 71.9%. Health outcomes among working-age individuals are typical. 22.2% of residents are aged 65 and over (1,503 people), higher than Greater Perth's 16.3%. Senior health outcomes are strong, aligning with national rankings for the general population.

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 population shows high linguistic diversity, with 33.9% speaking a language other than English at home. Born overseas, 48.0% of Parkwood residents were born outside Australia. Christianity is the predominant religion in Parkwood, comprising 42.4% of its population.

Buddhism, however, is significantly overrepresented compared to Greater Perth's average, making up 8.1% of Parkwood's population. In terms of ancestry, English (23.7%), Australian (17.5%), and Chinese (16.4%) are the top three groups in Parkwood, with Chinese being substantially higher than the regional average of 4.0%. Notably, Korean (1.1%), Dutch (1.8%), and South African (0.8%) ethnicities show overrepresentation compared to their respective regional averages.

Parkwood's median age exceeds the national pattern

The median age in Parkwood is 42 years, which is significantly higher than Greater Perth's average of 37 years and Australia's median age of 38 years. The 65-74 age group constitutes 12.8% of the population in Parkwood, compared to a lower percentage in Greater Perth. Meanwhile, the 25-34 age group makes up 11.3% of Parkwood's population, which is less than Greater Perth's figure. According to post-2021 Census data, the 15-24 age group has grown from 10.1% to 11.4%, while the 75-84 cohort has increased from 6.0% to 7.2%. Conversely, the 55-64 age group has decreased from 14.0% to 12.3%, and the 25-34 group has dropped from 12.6% to 11.3%. Population forecasts for 2041 indicate substantial demographic changes in Parkwood, with the 75-84 age group expected to grow by 38%, reaching 671 people from 487. Notably, the combined 65+ age groups will account for 66% of total population growth, reflecting the area's aging demographic profile. In contrast, the 25-34 and 0-4 age cohorts are expected to experience population declines.