Thinking about buying in Parham? Now could not be a better time, with just 233 residential dwellings it's a highly sought after location.
The average property price for this area is $189,000 with prices in this suburb ranging from $130,000 to $244,000.Parham is located near the coast as well as views of the ocean, demand is likely to be high
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Parham 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 Parham 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. Lower than average population density constrains growth in Parham to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Parham the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|Median Weekly Rent||$210.00|
|Median Monthly Mortgage||$827.00|
|Median Persons Per Bedroom||0.70|
|Average Household Size||2.00|
|Average Cars Per Dwelling||2.91|
|Average Properties Within 50M||6.00|
None within suburb boundary(While the above schools are located with the suburb of Parham there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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