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Park Orchards

Suburb Profile

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

house

PARK ORCHARDS, 3114 ranks 293rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.23% for property investors.

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 $1,770,000.

The upward trend in home prices in PARK ORCHARDS, 3114 averaged 6.26% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in PARK ORCHARDS.

An average of 2.25 real estate transactions take place per month in PARK ORCHARDS which translates to 27 per annum.

27 properties were sold in PARK ORCHARDS in 2016, making it the 386th most active market in VIC based on total real estate transactions.

PARK ORCHARDS, 3114 places 231st 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 $1,770,000 N/A
GROWTH REPORT
Median Quarterly 3.51% N/A
Median 12 month 21.23% N/A
Median 3 years 18.79% N/A
Median 5 years 45.08% N/A
10 years average annual 6.99% N/A
Weekly media advert. rent N/A N/A
Time on Market 71.3 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)
Total Population
3592
Weekly Household Income
1799
Household Size
3.30
demographics
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