Labrador vs Parkwood.
Comparing two suburbs with median house prices of $1,026,500 and $1,060,000. Labrador edges out on more headline metrics in this comparison.
Labrador (median $1,026,500) is roughly 3% cheaper to buy into than Parkwood ($1,060,000).
Labrador scores higher on walkability (34/100 vs 0/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Labrador (1043) sits above Parkwood (1033).
For buyers
Labrador is the lower entry point at $1,026,500 median, 3% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Parkwood offers the higher gross rental yield (4.37% vs 4.05%), favouring cash-flow investors.
For families
Labrador edges out on average school ICSEA (1043 vs 1033).
Common questions
Is Labrador or Parkwood cheaper to buy in?
Labrador has the lower median house price at $1,026,500, roughly 3% below Parkwood ($1,060,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Labrador or Parkwood have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Labrador scores 1043 vs 1033 in Parkwood. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Labrador or Parkwood?
Labrador scores 34/100 on walkability vs 0/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Labrador or Parkwood?
Gross rental yield on houses is 4.37% in Parkwood vs 4.05% in Labrador. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Labrador against another suburb