VIC/
Parkville
string(9) "parkville"

Suburb Profile

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

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Property investors have seen a -4.62% 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 $1,677,500

Profits averaged 10.52% 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 $670 based on current median home prices for the suburb.

The gross rental yield in PARKVILLE, 3052 is 2.08%.

An average of 1.83 real estate transactions take place per month in PARKVILLE which translates to 22 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,677,500 $510,742
GROWTH REPORT
Median Quarterly -4.62% 0%
Median 12 month 6.76% -3%
Median 3 years 31.57% 0.7%
Median 5 years 163.65% -1.78%
10 years average annual 10.89% 2.99%
Weekly media advert. rent $670 $420
Time on Market 0.0 days 75.7 days
Gross Rental Yield Percent 2.08% 4.28%
demographics (median values)
Total Population
4979
Weekly Household Income
1167
Household Size
2.20
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Parkville, VIC
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