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Parkdale

POSTAL CODE: VIC, 3195
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Property investments in PARKDALE did not fare well against the rest of the country last year, registering a median home price decrease of 7.61%.

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 $750 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 54.2 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 $1,590,000.

PARKDALE ranks 534th on the list of best yielding suburbs for rental properties in VIC, posting a 2.45% return.

Surburb overview

Parkdale is a bayside suburb in the City of Kingston, about 24 kilometres by road from central Melbourne, with Port Phillip Bay on its western edge and Mentone and Mordialloc as its immediate neighbours.

The 2021 Census recorded 12,308 residents in Parkdale, with a median age of 43, 5,195 private dwellings, an average household size of 2.5 people and a median weekly household income of $2,130.

Census data also shows that 76.0 per cent of residents were born in Australia and 84.7 per cent spoke only English at home, indicating a well-established residential community with a modest mix of overseas-born households.

Public transport is centred on Parkdale Station on the Frankston line, which provides a direct rail connection towards the city and Frankston, while bus route 708 links the area with Hampton, Southland and Carrum, and the 903 SmartBus connects Parkdale with suburbs stretching from Mordialloc through Cheltenham, Moorabbin and beyond.

For daily needs, Parkdale has a local shopping strip that remains a focus of council planning, and residents can also draw on Kingston’s broader network of shopping destinations, including major centres such as Southland and DFO Moorabbin in nearby suburbs.

Community facilities add to the suburb’s everyday function, with Parkdale Library near the station and shops, and the Parkdale Family and Children’s Centre providing council-run early years services.

Larger health services are not concentrated within Parkdale itself, but the Kingston Centre in Heatherton is one of the nearest major public health facilities for the surrounding area.

Recreation is strongly tied to the foreshore, where Parkdale Beach runs for about 1.5 kilometres. It includes a walking path, grassed areas, barbecues, showers, toilets, accessible parking and nearby off-leash areas.

That combination of beach access, rail transport and local village-style services gives Parkdale a practical suburban character shaped as much by day-to-day convenience as by its bayside setting.

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