Parkville is in the bottom 30% in VIC when comparing median price capital growth over the last year. Parkville gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.59%.
Parkville,3052 was ranked 4132 in Australia by increase in median property value over the quarter.
A $620 per week rent on the median house gives suburb investors a gross yield of circa 2.27%, without taking into account capital value appreciation, which has been averaging out at 11.06%.
At number 845th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkville, 3052 is in the top half with a property value increase of 3.05% recorded in median house prices.
Across a shorter period, Parkville, 3052 has seen a median price increase of 0.00% over the last quarter.
Sellers are offering property buyers an average discount of -3.41% to buyers in Parkville at the moment, which is less than average for the rest of VIC.
Situated 3.12km from the CBD, Parkville is one of Melbourne localities in the postcode 3052.