Park Orchards

POSTAL CODE: VIC, 3114
HOUSE

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 $1,920,000.

The upward trend in home prices in PARK ORCHARDS, 3114 averaged 0.3% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A 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 377th most active market in VIC based on total real estate transactions.

PARK ORCHARDS, 3114 places 576th in Australia based on median property value growth during the quarter.

Surburb overview

Park Orchards is a suburb approximately 25 kilometres northeast of Melbourne's Central Business District. According to the 2021 census, it has a population of 3,835. The suburb is primarily within the City of Manningham, with a portion extending into the City of Maroondah.

Public transportation options in Park Orchards are limited, with no direct train or tram services. Residents primarily rely on private vehicles for commuting, though bus services are available to neighbouring suburbs and Melbourne.

The suburb features a small commercial area along Park Road, offering essential services such as local shops and eateries. Educational facilities include Park Orchards Primary School and St. Anne's Primary School. Park Orchards Reserve houses a basketball centre, tennis club, and community house for recreation. Additionally, 'The 100 Acres' reserve provides residents with natural bushland for outdoor activities.

Sporting enthusiasts can engage with local clubs, including the Park Orchards Cricket Club and the Park Orchards Football Club, which utilise facilities at Domeney Reserve. The suburb also supports tennis, basketball, netball, and BMX clubs, catering to various interests.

Park Orchards offers a blend of residential living, access to essential services, and recreational opportunities in a green wedge setting.

You’re out of free articles for this month
Loading form...