VIC/
Parkdale

Suburb Profile

Parkdale - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3195

house
unit

Property investments in PARKDALE fare well against the rest of the country last year, registering a median home price increase of 20.91%.

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 $545 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 45.5 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 $1,210,000.

PARKDALE ranks 505th on the list of best yielding suburbs for rental properties in VIC, posting a 2.34% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,210,000 $644,000
GROWTH REPORT
Median Quarterly 5.22% 2.22%
Median 12 month 20.91% 19.7%
Median 3 years 53.05% 31.43%
Median 5 years 83.33% 48.82%
10 years average annual 8.82% 7.44%
Weekly media advert. rent $545 $380
Time on Market 45.5 days 79.8 days
Gross Rental Yield Percent 2.34% 3.07%
demographics (median values)
Total Population
10613
Weekly Household Income
1122
Household Size
2.40
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