Suburb Profile Report for Parkville VIC (3052)

Parkville House: Median price $1,417,500, Annual capital growth 9.41%, Number of sales 31, Weekly median advertised rent $450

Parkville Unit: Median price $515,000, Annual capital growth 4.47%, Number of sales 51, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Parkville has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.59%

Taking the average capital gain, or increase in median house value, Parkville,3052 has racked up an average of 4.59% over the period. This ranks it number 1857th in the whole country for real estate investors looking at median house price increases.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

At number 1106th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkville, 3052 is in the BOTTOM 40% with a property value increase of 0.08% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Parkville,3052 has racked up an average of 0.08% over the period. This ranks it number 1431th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Parkville is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 118th in terms of most discounted suburbs in VIC

With the median price for a house in Parkville being $515000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.04%

Metrics i HOUSE UNIT
$1,417,500 $515,000
N/A -0.19%
4.59% 0.08%
9.41% 4.47%
$450 $400
31 51
1.65% 4.04%
N/A 84.57

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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