All About Parkwood, Canning, WA, 6147

Parkwood, a well-established suburb in Canning, Western Australia, offers a housing market characterized by its diverse range of properties and relative affordability compared to more central Perth areas. Over recent years, the market has seen steady demand, partly driven by families and first-time homebuyers attracted to the suburb's accessible price points and ample amenities. The area predominantly features single-family homes, many of which are set on generous plots, allowing for spacious yards and gardens that appeal to growing families. Additionally, Parkwood has witnessed a gradual increase in medium-density housing options, reflecting broader trends across Perth toward diversified and affordable housing solutions. The local real estate market remains competitive, with a consistent turnover largely fueled by Parkwood’s attractive combination of community-focused living and suburban tranquility.

Living in Parkwood is appealing due to its well-planned community infrastructure and accessibility to essential services. Residents enjoy a suburban lifestyle with the convenience of nearby retail centers such as Riverton Forum and Stockland Riverton, which provide a variety of shopping, dining, and entertainment options. Families particularly appreciate the proximity to quality educational institutions, including Parkwood Primary School and Lynwood Senior High School, which are known for their supportive learning environments. Parkwood's residents benefit from numerous parks and recreational facilities that foster an active outdoor lifestyle. Whaleback Golf Course, a community favorite, and other green spaces offer leisure opportunities for all ages. Public transport links are robust, with efficient bus services connecting Parkwood to Perth’s central and surrounding areas. This makes daily commuting feasible while maintaining a serene residential environment, contributing to the suburb's reputation as a comfortable and convenient place to live.

Parkwood Real Estate Market Outlook

Thinking about buying in Parkwood? Now could not be a better time, with 2900 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $637,000 with prices in this suburb ranging from $63,000 to $2,400,000. The aproximate distance to the coast is 14 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Parkwood are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Parkwood changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Parkwood necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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