Property value increases in Parkville have tracked lower than the VIC average of 8.23% over the last 12 months.
Over the longer term, Parkville has seen property prices show investors a 32.48% return over the last 3 years. This is worse than over the last 12 months
On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.
The VIC suburb of Parkville, 3052 is in the Melbourne local government area.
Parkville is an average performer in VIC when comparing median price capital growth over the last year. Parkville gave property investors a average capital gain figure when compared to the rest of the state, with 5.05%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parkville has stayed pretty constant when compared to the 5 year average annual rate.
Vendor discounting in Parkville is giving property investors an average Vendor Discount of around -6.57%. This puts suburb at number 62th 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 80.47 days.
Advertised rents are around the $400 mark per week – giving a return of 4.00% based on the median price in Suburb