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Property investors have seen a -2.22% 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 $1,760,000
Profits averaged 12.68% 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 $805 based on current median home prices for the suburb.
The gross rental yield in PARKVILLE, 3052 is 2.38%.
An average of 2.67 real estate transactions take place per month in PARKVILLE which translates to 32 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,760,000 | $452,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.22% | -3.72% |
| Median 12 month | -15.69% | -12.14% |
| Median 3 years | 38.04% | -10.75% |
| Median 5 years | 47.53% | -12.98% |
| 10 years average annual | 8.21% | 0.08% |
| Weekly media advert. rent | $805 | $430 |
| Time on Market | 58.8 days | 97.4 days |
| Gross Rental Yield Percent | 2.38% | 4.94% |
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