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 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%|