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Parkville
AREA REPORTS

Parkville

Parkville - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3052

house
unit

Property investors have seen a 25.51% 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 11.03%.

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 $2,165,000

Profits averaged 7.67% 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 $875 based on current median home prices for the suburb.

The gross rental yield in PARKVILLE, 3052 is 2.1%.

An average of 1.58 real estate transactions take place per month in PARKVILLE which translates to 19 per annum.

Data report can be found below

Parkville
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,165,000 $495,000
GROWTH REPORT
Median Quarterly 25.51% -2.94%
Median 12 month 11.03% -1%
Median 3 years 23.01% 3.13%
Median 5 years 61.57% -8.64%
10 years average annual 8.82% -0.43%
Weekly media advert. rent $875 $360
Time on Market 0.0 days 75.9 days
Gross Rental Yield Percent 2.1% 3.78%
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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