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Parkdale
AREA REPORTS

Parkdale

Parkdale - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3195

house
unit

Property investments in PARKDALE did not fare well against the rest of the country last year, registering a median home price decrease of 26.5%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains PARKDALE, 3195 saw average growth in the long term.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 54.0 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,518,000.

PARKDALE ranks 455th on the list of best yielding suburbs for rental properties in VIC, posting a 2.23% return.

Data report can be found below

Parkdale
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,518,000 $825,500
GROWTH REPORT
Median Quarterly 2.57% 7.91%
Median 12 month 26.5% 7.91%
Median 3 years 30.02% 23.67%
Median 5 years 42.2% 32.08%
10 years average annual 7.75% 6.65%
Weekly media advert. rent $650 $435
Time on Market 54.0 days 42.9 days
Gross Rental Yield Percent 2.23% 2.74%
demographics (median values)*
Total Population
35869
Weekly Household Income
1819
Household Size
2.70
Age
40
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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