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1 MIN READ4 Property Market Trends To Expect In 2022
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ParkvilleParkville - SUBURB PROFILE REPORT
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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.
| 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% |
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