AREA REPORTS

Park Orchards

VIC/
Park orchards

Suburb Profile

Park Orchards - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3114

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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The 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 $1,482,500.

The upward trend in home prices in PARK ORCHARDS, 3114 averaged 6.12% per annum over a 3-year period.

Average weekly rents on listings have reached the $695 mark, reflecting a 2.44% increase in returns based on the current median price in PARK ORCHARDS.

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

19 properties were sold in PARK ORCHARDS in 2016, making it the 475th most active market in VIC based on total real estate transactions.

PARK ORCHARDS, 3114 places 407th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,482,500 N/A
GROWTH REPORT
Median Quarterly -1.66% N/A
Median 12 month 2.24% N/A
Median 3 years 18.36% N/A
Median 5 years 55.64% N/A
10 years average annual 6.69% N/A
Weekly media advert. rent $695 N/A
Time on Market 62.2 days N/A
Gross Rental Yield Percent 2.44% N/A
demographics (median values)
Total Population
3592
Weekly Household Income
1799
Household Size
3.30
demographics
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