Parkville has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 34.44% to date .
The five-year average increase in median property values for Parkville,3052 has given property investors a potential capital gain of 186.25% across each of those five years.
Advertised rents are around the $445 mark per week – giving a return of 1.35% based on the median price in Suburb
Giving property investors a an average capital gain of 2.20% for the last year, Parkville, 3052 is the 889th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Parkville,3052 has racked up an average of 2.20% over the period. This ranks it number 1381th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -6.02% to buyers in Parkville at the moment, which is less than average for the rest of VIC.
Situated 3.21km from the CBD, Parkville is one of Melbourne localities in the postcode 3052.