Parkwood Property Market Update 2nd Half 2026
Parkwood offers a convenient and family-friendly lifestyle, with easy access to major healthcare, education and transport facilities. Its well-connected location to business centres and the Gold Coast beaches, quality schools and abundance of parks make it a popular choice for families and professionals alike.
Property Trends
In Q2 2026, Parkwood recorded a median house price of $1,332,500 and a median unit price of $875,000, representing an annual (Q2 2025 – Q2 2026) median price growth of 15.9% for houses and 21.5% for units. During the same time, house sales increased by 9.5% (to 23 in Q2 2026), confirming a highly demanded house market. This provides a buffer against cash rate hikes in 2026 and supports house median price growth, making now an ideal time for owners to capitalize on their investments. The unit market remains small-scale, with only 5 sales recorded in Q2 2025, but still achieved 66.7% growth. Most houses were sold within the mid-price bracket between $1.25M - $1.5M (37.7%), in good news for buyers. However, with no new ready-to-sell houses planned from 2026 onwards, buyers need to act fast.
Project Development
Parkwood is expected to see approximately $338.0M in new projects commencing construction from 2026 onwards. Although several residential projects are planned, they are expected to deliver townhouses (95) and units (234) only, with no ready-to-sell stand-alone houses in the pipeline. This is insufficient to meet the demand, as there were 101 houses sold in 2025. This will drive more price growth, particularly for houses, prompting buyers to act quickly.
Rental Market & Growth
House rental yield in Parkwood was 3.8% as of June 2026, slightly lower than Gold Coast Main (3.9%). This is paired with an 8.9% growth in median house rental price over the past 12 months to Q2 2026, to $980 per week, along with a 64.0% increase in the number of houses rented (to 41 houses in Q2 2026). This confirms a highly demanded house rental market, which is beneficial to investors.
Vacancy Rates & Property Investment
Parkwood recorded a vacancy rate of 1.0% in June 2026, well below the 3.0% benchmark, indicating quicker occupancy of rental homes in Parkwood. This creates a conducive environment for investors, even with higher median prices (thus entry prices) over the past 12 months to Q2 2026.
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