VIC/
Parkville

Suburb Profile

Parkville - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3052

house
unit

Property investors have seen a -2.95% drop in PARKVILLE based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains PARKVILLE, 3052 saw average growth in the long term.

the VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,446,000

Profits averaged 8.58% per annum over a 3-year period, due to an upward trend in home prices in PARKVILLE, 3052.

This means, real estate investors could earn a rental income of $620 based on current median home prices for the suburb.

The gross rental yield in PARKVILLE, 3052 is 2.23%.

An average of 2 real estate transactions take place per month in PARKVILLE which translates to 24 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,446,000 $519,000
GROWTH REPORT
Median Quarterly -2.95% -0.87%
Median 12 month 1.47% -0.19%
Median 3 years 25.74% 0.78%
Median 5 years 100.83% 0.1%
10 years average annual 10.59% 4.05%
Weekly media advert. rent $620 $400
Time on Market 0.0 days 69.0 days
Gross Rental Yield Percent 2.23% 4.01%
demographics (median values)
Total Population
4979
Weekly Household Income
1167
Household Size
2.20
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