Parkwood Property Market Update 1st Half 2026
Parkwood offers a convenient and family-friendly lifestyle, with easy access to major healthcare, education and transport facilities. Its well-connected location, quality schools and abundance of parks make it a popular choice for families and professionals alike.
Property Trends
In Q1 2026, Parkwood recorded a median house price of $1,360,000 and a median unit price of $635,000. This represents an annual (Q1 2025 – Q1 2026) 23.6% median price growth for houses, while the number of house sales declined by -27.6% (to 21 in Q1 2026). This suggests an undersupplied house market in Parkwood, thus, an ideal time for owners to sell. Median unit price has declined by -15.3% in the past 12 months, however the unit market in Parkwood is significantly small, at only 4 sales in Q1 2026. Without any new houses planned for construction from 2026 onwards, median house prices are expected to increase further. Thus, buyers must act fast.
Project Development
Parkwood is expected to see approximately $338.0M of new projects commencing construction from 2026 onwards, with a clear focus on the mixed-use sector. All planned new housing supply are townhouses (96) and units (234), without any new stand-alone houses. Given the high level of demand, reflected by the 115 house sales in 2025, the existing undersupply of houses is expected to worsen. This places more pressure on house prices in the short and long term. As a result, buyers must act fast.
Rental Market & Growth
House rental yield in Parkwood was 3.8% as of March 2026, slightly higher than Gold Coast Main (3.7%). This is paired with a 1.1% growth in median house rental price over the past 12 months to Q1 2026, to $950 per week, along with an 8.1% growth in the number of houses rented (to 160 houses in Q1 2026). There is a highly demanded house rental market in Parkwood, which benefits investors.
Vacancy Rates & Property Investment
Parkwood recorded a vacancy rate of 0.7% in March 2026, significantly below the 3.0% benchmark. This indicates there is quicker occupancy of rental homes in Parkwood. Combined with a higher rental yield than Gold Coast LGA, there is a conducive environment for investors in Parkwood; even if median house sale price (thus, entry price) have increased in the past 12 months to Q1 2026.
