Suburb Profile Report for Parkville VIC (3052)

Parkville House: Median price $1,425,000, Annual capital growth 8.63%, Number of sales 30, Weekly median advertised rent $620

Parkville Unit: Median price $520,000, Annual capital growth 4.47%, Number of sales 52, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Parkville, 3052 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.15%.

Across a shorter period, Parkville, 3052 has seen a median price increase of -17.03% over the last quarter.

Property investors should expect to get $620 weekly from the median priced house in this suburb.

With a capital gain of 2.51% for the last 12 months, Parkville, 3052 has performed for property investments than its average annual 4.47% property growth over the last 5 years.

Across a shorter period, Parkville, 3052 has seen a median price increase of -1.14% over the last quarter.

Vendor discounting in Parkville is giving property investors an average Vendor Discount of around -5.47%. This puts suburb at number 125th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Parkville the average time real estate has been on the market is 74.79 days.

Parkville, 3052’s gross rental yield is 4.00%

Metrics i HOUSE UNIT
$1,425,000 $520,000
-17.03% -1.14%
5.15% 2.51%
8.63% 4.47%
$620 $400
30 52
2.26% 4.00%
N/A 74.79

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 6192
Median household income ($/weekly) 1487
Median age of persons 24
Median housing loan repayment ($/monthly) 2100
Average household size 2.3
  • Census Count Percent(%)
    15-19 years 1092 17.6
    20-24 years 1648 26.6
    25-34 years 1146 18.5
    35-44 years 490 7.9
    55-64 years 411 6.6
    Others 1406 22.7
    Age Group
    Census Count Percent(%)
    Not Married 1810 57.3
    Registered Married 992 31.4
    Defacto Relationship 357 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3526 61.2
    Croatia 352 6.1
    Malta 317 5.5
    United Kingdom 244 4.2
    Other 300 5.2
    Others 1025 17.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 307 5.7
    Christianity 2472 45.6
    Hinduism 96 1.8
    Islam 153 2.8
    No Religion 2349 43.3
    Others 47 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 116 8.4
    $1,250-$1,499 142 10.3
    $1,500-$1,999 171 12.3
    $2,500-$2,999 157 11.3
    $4,000 or more 116 8.4
    Others 683 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2137 39.4
    Employed, worked full-time 1443 26.6
    Employed, worked part-time 1232 22.7
    Unemployed, looking for work 404 7.5
    Employed, away from work 201 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 283 9.8
    Professionals 1212 42.2
    Community & personal service workers 376 13.1
    Clerical & administrative workers 365 12.7
    Sales 245 8.5
    Others 393 13.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 137 4.5
    Secondary 139 4.5
    Technical or Further Educational Institution 66 2.2
    University or other Tertiary Institutions 2627 86.0
    Other type of educational institution 55 1.8
    Others 31 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1582 44.1
    Semi-detached, row or terrace house, townhouse 1463 40.8
    Separate house 541 15.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 899 59.2
    Fully owned 323 21.3
    Being purchased 283 18.6
    Other tenure type 13 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals