Is PARKES a good suburb for positive geared property investment in Australia?

PARKES in NSW currently features property rental yields up to 5.2% with a 12-month capital growth value of Up 6.7%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in PARKES 2870?

The median house price in PARKES 2870 is approximately $466,950 based on the latest tracked market indices.

Investment Spotlight • Australia

PARKES 2870

State: NSW

Updated: 8 April 2026

PosiProp AI Investment Summary

PARKES (NSW 2870) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 5.2% and has experienced a 12-month capital growth of Up 6.7%, with a median house buy price of $466,950. This combination provides a high-yield positive cashflow potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$310,000

Up 3.3% 5.5% Yield

3 house • buy

$431,250

Up 7.8% 5.2% Yield

4 house • buy

$542,500

Up 1.4% 4.7% Yield

all house • buy

$466,950

Up 6.7% 5.2% Yield

Suburb Market Profile

Last month Parkes had 51 properties available for rent and 65 properties for sale. Median property prices over the last year range from $466,950 for houses to $375,000 for units. If you are looking for an investment property, consider houses in Parkes rent out for $450 PW with an annual rental yield of 5.2% and units rent for $310 PW with a rental yield of 4.1%. Parkes has seen an annual compound growth rate of 6.7% for houses and 10.3% for units.

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