micromarkets

Parkes, ACT 2600

Property data updated July 20260 residents

Last 12 months snapshot

113 sales · 84 leases · Refreshed July 2026

Parkes property market

Parkes's busiest market is unit sales, with 113 sales (sharply up 494.7%) at around $839k (down 11.6%) as of July 2026, taking about 53 days to sell (up from 44 days last year).

Unit rentals are nearly as big, with 84 leases (sharply up 86.7%) at $795 a week (up 13.6%), renting out in about 27 days (up from 19 days last year), among the country's strongest unit rent gains, with 2-bedroom the most common at around 55%.

House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.

Census · ABS 2021

Parkes demographics & population

Population

Median age

32yrs

Avg household

0.0people

Male · Female

—

Owner-occupied

Renting

Born overseas

Year 12+ⓘ

Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.

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Census · ABS 2021

Who lives in Parkes?

The age structure, household make-up, and cultural fabric of the people who call this suburb home.

Age & sex0 residentsMaleFemale

Share of all residents by 5-year band · hover a band for the count + split

Life stage

Household composition

0.0 people / household0.0 persons / bedroom— are 5+ person

Household sizepersons per dwelling

Cultural make-upshare of residents · diversity = odds two differ

Born overseas—

Other language at home—

Limited English—

Both parents overseas—

Australian citizens—

Birthplace diversity—

Chance two random residents were born in different countries

Language diversity—

Chance two random residents speak different languages at home

Religious diversity—

Chance two random residents follow different religions

Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.

Census · ABS 2021

Housing & affordability in Parkes

What it costs to live here, who owns versus rents, and the shape of the housing stock.

Affordability at a glance

LowMedianHighPercentile

Median weekly rent—

Median monthly mortgage—

This suburb Typical range (middle 50%) Median suburb

Bedrooms per dwellingshare of dwellings

Who owns vs rentsoccupied dwellings

What’s built heredwelling types

— separate houses— apartments— high-rise

Census · ABS 2021

Income & employment in Parkes

Incomes, employment, and the occupation mix of the people who live here.

Income & work at a glance

LowMedianHighPercentile

Median personal income—

Median family income—

This suburb Typical range (middle 50%) Median suburb

Occupations

Occupation rankings not available.

Household incomeheight = share of households · weekly

Personal incomeheight = share of residents 15+ · weekly

Labour forceemployment status · residents 15+

This suburb Typical range (middle 50%) Median suburb

Census · ABS 2021

Getting around Parkes

How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.

Journey to workamong commuters · top modes

Commute data not available.

Vehicles per dwellingshare of households

Education · ACARA My School 2025

Schools in and around Parkes

No school inside Parkes itself — the closest options around it are shown. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.

Within Parkes0schools in the suburb itself

Primary schools0within 5 km · nearest 7.9 km

Secondary schools0within 5 km · nearest 7.9 km

What is ICSEA Rank?

ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.

Nearby within0 schools

No schools within 5 km — widen the radius.

Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.

School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.

Census · ABS 2021

Turnover

How settled or transient the community is — and where newcomers came from.

Where residents lived 5 years agoof those who stated

Residential paceshare of residents

Moved in the past year—

Moved in the past 5 years—

Arrived from overseas (5 yr)—

Property market

Market snapshot

Parkes median house price & rent

Headline price, rent, yield and time on market for Parkes — choose a property type and size below.

Active segment

Houses

Units

Median priceⓘLast 12 months

650kk

↑ +0.5% YoY

Days on marketⓘLast 12 months

↓ 19 days YoY

SoldⓘLast 12 months

↑ +50.0% YoY

Months of supplyⓘLast 12 months

4.3mo

Median rentⓘLast 12 months

$762/w

↑ +50.0% YoY

Days to leaseⓘLast 12 months

↓ 6 days YoY

LeasedⓘLast 12 months

↑ +50.0% YoY

Gross yieldⓘLast 12 months

3.44%

Annualised

Data confidenceSales sample10StrongLease sample12Strong

Segment breakdown

House & unit prices by bedroom

Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.

Demand percentile 0–100 · last 12 months12-mo change

Segment

Sold

Price

DOM

Leased

Rent

DOM

Yield

SalesRent

Units · 1 bed10 sales · 12 leases

33+50.0%

—

32+50.0%

—

Units · 2 bed10 sales · 12 leases

33+50.0%

—

32+50.0%

—

Units · 3 bed10 sales · 12 leases

33+0.5%

—

Houses · 2 bed10 sales · 12 leases

—

Houses · 3 bed10 sales · 12 leases

—

Houses · 4 bed10 sales · 12 leases

—

All houses

—

All units

33+50.0%

—

32+50.0%

—

Where each segment ranks

Parkes property growth

Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.

Metric

Ranked against

Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.

Houses

0/4above median

02550 · MEDIAN75100

Percentile vs ACT

Value

Units

2/2above median

02550 · MEDIAN75100

Percentile vs ACT

Value

The buy-versus-rent equation

Buying vs renting in Parkes

What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.

Property

Compare to

Units · 2 bed: +50%

Units · Total: +50%

ACT MEDIAN · +41%

Rent covers itRenting matches or beats the cost of owning−10% to 0%

BalancedMortgage roughly matches asking rent+30% to +60%

Far pricier to ownBuying costs much more than renting+100% to +130%+

BreakdownLast 12 months

Holding cost

Mortgage

Rent

Premium

Band

Units · 2 bed33 sales32 leases

+$126/wk

$636/wk

$762/wk

+50%

Typical premium

Assumes 80% LVR6.0% rate30y P&I

Premium = (weekly mortgage − weekly rent) ÷ weekly rent. Band thresholds are national breakpoints across ~11,400 eligible Australian segments — the Typical premium band spans national P25 to P75, so it’s literally what’s typical.

Market data

How strong is demand, and which way is it heading?

Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.

Side

View

Property

Bedrooms

Radius

Compared against

Sales market velocity

3 nearby suburbs · 10km · Total unit · sales

rising

DOM change YoYis demand rising or falling?

falling

median

Recoveryweak but rising

Boomstrong and rising

Troughweak and falling

Peakstrong but easing

Nearby suburb

Demand index

78 / 100vs ACT

Days on market

27 days▼ −4 days YoY

Median price

$442k▼ −1.4% YoY

Sold (last year)

65▲ +30.0% YoY

Nearby suburb

Demand index

3 / 100vs ACT

Days on market

60 days▲ +16 days YoY

Median price

$304k▼ −10.6% YoY

Sold (last year)

36▲ +19.8% YoY

Nearby suburb

Demand index

7 / 100vs ACT

Days on market

55 days▲ +2 days YoY

Median price

$482k▲ +3.7% YoY

Sold (last year)

64▼ −7.9% YoY

Parkes · this suburb

Demand index

31 / 100vs ACT

Days on market

40 days▲ +19 days YoY

Median price

$650k▲ +0.5% YoY

Sold (last year)

33▲ +50.0% YoY

weakSales market velocityhow strong sales demand isstrong

This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures

Sales market velocity

How strong is sales demand — and is it rising or falling?

What this shows

Each dot is one of this suburb's property segments on the sales side. Left-right shows how strong sales demand is — combining how many properties sold in the last 12 months with how quickly they sold (median days on market). Top-bottom shows whether that demand is rising or falling compared to 12 months ago.

The two axes

Sales market velocityX axis

how strong sales demand is

A composite of 12-month sales volume and median days on market. Higher means more sales completed faster — stronger sales demand right now.

Days on market change (Year-on-year)Y axis

is demand rising or falling?

How much faster (or slower) sales are completing compared to 12 months ago. Top half means sales are completing faster than a year ago (demand growing).

Market data

Parkes against the neighbourhood

Eight diagnostic views cutting the data a different way each time — Parkes in blue, peers in colour.

Pair

View

Property

Bedrooms

Radius

How fast — and is it getting faster?

5 peer suburbs · 10km · Total unit

faster

DOM change YoYvs 12 months ago

slower

median

Recoveringquiet but accelerating

Boomingbusy and accelerating

Stalledquiet and slowing further

Coolingbusy but slowing

Nearby suburb

Demand index

0 / 100vs Australia

Days on market

77 days—

Median price

—▲ +29.0% YoY

Sold (last year)

—▲ +151.0% YoY

Gross yield

4.00%

Nearby suburb

Demand index

19 / 100vs Australia

Days on market

27 days▼ −4 days YoY

Median price

$442k▼ −1.4% YoY

Sold (last year)

65▲ +30.0% YoY

Gross yield

3.88%

Nearby suburb

Demand index

2 / 100vs Australia

Days on market

60 days▲ +16 days YoY

Median price

$304k▼ −10.6% YoY

Sold (last year)

36▲ +19.8% YoY

Gross yield

5.14%

Nearby suburb

Demand index

0 / 100vs Australia

Days on market

76 days—

Median price

—▲ +29.0% YoY

Sold (last year)

—▲ +115.0% YoY

Gross yield

6.00%

Nearby suburb

Demand index

5 / 100vs Australia

Days on market

55 days▲ +2 days YoY

Median price

$482k▲ +3.7% YoY

Sold (last year)

64▼ −7.9% YoY

Gross yield

3.20%

Parkes · this suburb

Demand index

50 / 100vs Australia

Days on market

40 days▲ +19 days YoY

Median price

$650k▲ +0.5% YoY

Sold (last year)

33▲ +50.0% YoY

Gross yield

3.44%

slowDays on marketmedian days to sellfast

This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures

How much is available right now?

Housing supply & months of stock

How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.

View

Hide thin-sample rows

Sales market

Segment	Band	Months of supply left	YoY	Listed	Sold	Per month

median

Rental market

Segment	Band	Months of supply left	YoY	Listed	Leased	Per month

median

Severe

Very Tight

Tight

Balanced

Loose

Very Loose

Saturated

Under-suppliedOver-supplied

Market data

Who's transacting — buyers or tenants?

Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.

Property

Parkes — Units & Houses, all bedrooms

Jul 2021 – Jun 2026 · each point = a 12-month window

Sales · buyer transactions

Leases · tenant transactions

Five-year arc

Parkes median unit price & rent history

Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.

Five-year summaryAs of Jun 2026, the median unit sale price in Parkes rose from $565k (Jul 2021) to $654k (Jun 2026) — +15.7% growth over five years — peaking at $1.10M between Dec 2022 and Nov 2023. Median unit rent went from $441/wk to $499/wk (+13.2%) over the same period.

Property

Bedrooms

Median price (trailing year)

Jun 2026

$654k+4.4%

5y median $610kvs last year $627k

Total sales (trailing year)

Jun 2026

95+763.6%

5y median 22vs last year 11

Days on market (trailing year)

Jun 2026

28 days+0

5y median 33 daysvs last year 28 days

Median rent (trailing year)

Jun 2026

$499/wk+15.8%

5y median $510/wkvs last year $431/wk

Total leases (trailing year)

Jun 2026

58+65.7%

5y median 32vs last year 35

Days on market (rental) (trailing year)

Jun 2026

17 days+3

5y median 12 daysvs last year 14 days

Gross yield (trailing year)

Jun 2026

2.88%+0.82 pt

5y median 2.88%vs last year 2.06%

Months of supply

Jun 2026

1.7 months+31.7%

5y median 2.6 monthsvs last year 1.3 months

Months of supply (rental)

Jun 2026

3.3 months+209.7%

5y median 1.5 monthsvs last year 1.1 months

Nearby markets

Suburbs near Parkes: prices compared

The nearest suburbs to Parkes, ranked by distance — each lined up against Parkes on the same measures, so the differences jump out at a glance.

Market

Property

Bedrooms

Radius

Colour by

This marketParkesACT 2600 · Units · Total

Price$650k

DOM40 days

Sold33

5 markets within 5kmLast 12 months

CityACT 26010.9kmUnits · Total

RussellACT 26001.0kmUnits · Total

Capital HillACT 26001.0kmUnits · Total

ReidACT 26121.1kmUnits · Total

Price$304k

DOM60 days

Sold36

much cheapermuch slower

BartonACT 26001.1kmUnits · Total

Stat colourHow each suburb's stat compares to Parkes

Much lowerLowerSimilarHigherMuch higher

Similar markets

Suburbs like Parkes

Suburbs anywhere in ACT that behave like Parkes — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)

Parkes vs Forrest: the closest sales-market match trades at a median of $599k against Parkes's $650k — about 8% lower, with homes selling in 33 days versus 40 days here.

Colour by

Property

Bedrooms

Market

This marketParkesACT 2600Units · Total

Price$650k

DOM40 days

Sold33

Most similar sales markets · within 1.6–11 kmLast 12 months

ForrestACT 26032km42% match

Price$599k

DOM33 days

Sold25

FordeACT 291411km43% match

Price$598k

DOM29 days

Sold12

NichollsACT 29138km66% match

Price$670k

DOM33 days

Sold18

CampbellACT 26122km59% match

Price$530k

DOM42 days

Sold50

GarranACT 26054km56% match

Price$584k

DOM21 days

Sold21

Stat colourHow each suburb's stat compares to Parkes

Much lowerLowerSimilarHigherMuch higher

Comparable sales markets to Parkes: Forrest median house price, Forde property growth, Nicholls property prices, Campbell property growth and Garran, ACT property market.

Parkes's closest rental-market twins: Forrest median house price, Garran median house price and Campbell property growth. Each link opens that suburb's full market report.

Market data

Frequently asked · Parkes

12 data-driven answers about Parkes's property market — every one computed from the metrics above.

What things cost

Prices, rent, yield, ownership cost

What is the median unit price in Parkes?

The median unit price in Parkes, ACT 2600 is $650k as of June 2026, based on 10 sales over the past 12 months. Units have moved +0.5% year-on-year.

How much is rent for a 2 bedroom unit in Parkes?

A 2 bedroom unit in Parkes rents for a median $762 per week as of June 2026, drawn from 12 leases over the past 12 months. Across other unit sizes: 1-bedroom $762/week, 3-bedroom $762/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.

What is the gross rental yield in Parkes?

Gross rental yield in Parkes is 3.44% for units as of June 2026, compared with the ACT unit median of 2.72%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.

How much is a 2 bedroom unit in Parkes?

As of June 2026, Parkes medians by bedroom count:

How much is a 2 bedroom unit in Parkes?
Property	1 bed	2 bed	3 bed	4 bed	Total
Units	$650k	$650k	$650k	—	$650k

Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.

What does it cost to own versus rent at the Parkes median?

At the median Parkes unit ($650k purchase, $762/week rent), weekly mortgage repayments sit at roughly $636 — about $126 less per week than renting. That gap is the ownership premium. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.

How the market is moving

Speed, supply, growth, cycle phase

How active is the rental market in Parkes?

. Units sit at 0.7 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.

How it compares

Vs state, vs nearby, vs popular

What's the most popular property type in Parkes?

The most-transacted segment in Parkes over the 12 months to June 2026 is 1 bed units with 33 sales. 2 bed units come second at 33 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.

How many properties were sold and leased in Parkes last year?

Parkes recorded 0 house sales and 33 unit sales over the 12 months to June 2026 — a combined 33 transactions. On the rental side, 0 houses and 32 units were leased. Segments with statistically thin samples are excluded from displayed figures.

About the area

Population, income, who lives here, schools

What postcode is Parkes in?

Parkes is in postcode 2600, in the Canberra region of ACT. Addresses there are written as Parkes, ACT 2600.

What is the median household income in Parkes?

The median household in Parkes earns $0 per week — roughly $0 a year (ABS Census 2021). Median personal income runs $132/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.

What schools are near Parkes?

Parkes has 138 schools within reach — including Campbell Primary School, Telopea Park School, St Thomas More's Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).

About this data

Methodology and update cadence

When was this Parkes market data last updated?

This Parkes market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.