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% |
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