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Parkville
AREA REPORTS

Parkville

Parkville - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3052

house
unit

Property investors have seen a 12.65% gain in PARKVILLE based on an increase 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 $2,253,000

Profits averaged 8.86% 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 $830 based on current median home prices for the suburb.

The gross rental yield in PARKVILLE, 3052 is 1.92%.

An average of 2.08 real estate transactions take place per month in PARKVILLE which translates to 25 per annum.

Data report can be found below

Parkville
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,253,000 $495,000
GROWTH REPORT
Median Quarterly 12.65% -5.08%
Median 12 month N/A -4.81%
Median 3 years 26.57% 8.79%
Median 5 years 31.18% -2.94%
10 years average annual 14.57% -0.22%
Weekly media advert. rent $830 $350
Time on Market 0.0 days 79.9 days
Gross Rental Yield Percent 1.92% 3.68%
demographics (median values)*
Total Population
5694
Weekly Household Income
1605
Household Size
2.20
Age
29
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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