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Park Orchards
AREA REPORTS

Park Orchards

Park Orchards - 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 $1,863,000.

The upward trend in home prices in PARK ORCHARDS, 3114 averaged 9.49% 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 3.33 real estate transactions take place per month in PARK ORCHARDS which translates to 40 per annum.

40 properties were sold in PARK ORCHARDS in 2016, making it the 268th most active market in VIC based on total real estate transactions.

PARK ORCHARDS, 3114 places 141st in Australia based on median property value growth during the quarter.

Data report can be found below

Park Orchards
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,863,000 N/A
GROWTH REPORT
Median Quarterly 6.76% N/A
Median 12 month 9.59% N/A
Median 3 years 28.48% N/A
Median 5 years 48.74% N/A
10 years average annual 7.68% N/A
Weekly media advert. rent N/A N/A
Time on Market 71.8 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
3822
Weekly Household Income
2660
Household Size
3.30
Age
43
Monthly Loan Repayment
2400
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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