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ParkvilleParkville - SUBURB PROFILE REPORT
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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 $1,546,000
Profits averaged -13.89% per annum over a 3-year period, due to an downward trend in home prices in PARKVILLE, 3052.
This means, real estate investors could earn a rental income of $875 based on current median home prices for the suburb.
The gross rental yield in PARKVILLE, 3052 is 2.94%.
An average of 0.92 real estate transactions take place per month in PARKVILLE which translates to 11 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,546,000 | $515,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -0.29% |
| Median 12 month | -8.52% | 5.1% |
| Median 3 years | -41.66% | -0.77% |
| Median 5 years | 25.01% | 1.68% |
| 10 years average annual | 7.58% | -0.06% |
| Weekly media advert. rent | $875 | $400 |
| Time on Market | 0.0 days | 96.1 days |
| Gross Rental Yield Percent | 2.94% | 4.04% |
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