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Parkville

Suburb Profile

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

house
unit

Property investors have seen a 12.04% gain in PARKVILLE based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on PARKVILLE, 3052 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 13.43%.

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 $1,837,500

Profits averaged 7.98% 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 $930 based on current median home prices for the suburb.

The gross rental yield in PARKVILLE, 3052 is 2.63%.

An average of 1.5 real estate transactions take place per month in PARKVILLE which translates to 18 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,837,500 $475,000
GROWTH REPORT
Median Quarterly 12.04% 3.71%
Median 12 month 13.43% 4.11%
Median 3 years 23.95% -4.71%
Median 5 years 33.25% -5.09%
10 years average annual 8.98% 0.62%
Weekly media advert. rent $930 $430
Time on Market 0.0 days 65.7 days
Gross Rental Yield Percent 2.63% 4.71%
demographics (median values)
Total Population
4979
Weekly Household Income
1167
Household Size
2.20
demographics
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