Thinking about buying in Parmelia? Now could not be a better time, with 2922 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $404,000 with prices in this suburb ranging from $150,000 to $1,199,000. Parmelia is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Parmelia Real Estate Market Outlook

In Parmelia there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Parmelia due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Parmelia leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Parmelia 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.

Houses for sale Parmelia

	51 ADAMSON RD, PARMELIA, WA, 6167	3	1	3	Offers Over $595,000
	28 MANDFIELD WAY, PARMELIA, WA, 6167	4	1	1	From $599,000
	5 CIMBOR WAY, PARMELIA, WA, 6167	3	1	2	Mid to High $600,000's
	10 FERRIS GRN, PARMELIA, WA, 6167	4	2	2	Under Contract
	8 PEDDER WAY, PARMELIA, WA, 6167	3	1	1	200000
	28 HINCKLEY ST, PARMELIA, WA, 6167	5	2	2	779000
	36 MANDFIELD WAY, PARMELIA, WA, 6167	3	1	3	EOI From $549,000

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