REDBANK PLAINS 
2 MIN READThe Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
Read More
ParkvilleParkville - SUBURB PROFILE REPORT
SHARE 
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.
| 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% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
