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Property investors have seen a -13.99% 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 $1,567,500
Profits averaged 18.58% 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 $795 based on current median home prices for the suburb.
The gross rental yield in PARKVILLE, 3052 is 2.64%.
An average of 3 real estate transactions take place per month in PARKVILLE which translates to 36 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,567,500 | $499,000 |
| GROWTH REPORT | ||
| Median Quarterly | -13.99% | -0.17% |
| Median 12 month | -4.2% | -3.85% |
| Median 3 years | 55.74% | -0.44% |
| Median 5 years | 46.5% | -2.58% |
| 10 years average annual | 11.29% | 1.44% |
| Weekly media advert. rent | $795 | $420 |
| Time on Market | 82.8 days | 91.5 days |
| Gross Rental Yield Percent | 2.64% | 4.38% |
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