Suburb Profile Report for Parkdale VIC (3195)

Parkdale House: Median price $1,082,500, Annual capital growth 8.06%, Number of sales 114, Weekly median advertised rent $545

Parkdale Unit: Median price $595,000, Annual capital growth 7.84%, Number of sales 99, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 738th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkdale, 3195 is in the top 20% with a property value increase of 12.76% recorded in median house prices.

While Parkdale,3195 ranked number 235th in VIC for increase in median house value (annualised) increase, it is ranked 112th over the last 5 years.

Parkdale, 3195 is offering VIC ‘s 466th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

Often selling an investment property can take time, and in Parkdale the average time real estate has been on the market is 42.21 days.

Parkdale is 480th on a list of best yielding suburbs for rents in VIC with a 2.62% return

Investment property in Parkdale has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.71%

Comparing Parkdale,3195 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Parkdale itself are offering an average vendor discount of -6.80% to real estate investors.

Often selling an investment property can take time, and in Parkdale the average time real estate has been on the market is 53.1 days.

Metrics i HOUSE UNIT
$1,082,500 $595,000
3.10% 10.19%
12.76% 15.71%
8.06% 7.84%
$545 $360
114 99
2.62% 3.15%
42.21 53.1

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 11184
Median household income ($/weekly) 1402
Median age of persons 40
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1386 12.4
    25-34 years 1189 10.6
    35-44 years 1849 16.5
    45-54 years 1669 14.9
    55-64 years 1330 11.9
    Others 3762 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 4220 50.9
    Not Married 3374 40.7
    Defacto Relationship 700 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 8454 79.0
    Hong Kong 91 0.9
    Papua New Guinea 178 1.7
    United Kingdom 676 6.3
    Other 400 3.7
    Others 896 8.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 115 1.1
    Christianity 6968 68.0
    Islam 82 0.8
    Judaism 70 0.7
    No Religion 2930 28.6
    Others 86 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 348 8.9
    $1,000-$1,249 319 8.2
    $1,500-$1,999 482 12.4
    $2,000-$2,499 365 9.4
    $2,500-$2,999 401 10.3
    Others 1986 50.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3563 41.1
    Not in the labour force 2674 30.9
    Employed, worked part-time 1892 21.8
    Employed, away from work 318 3.7
    Unemployed, looking for work 213 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 873 15.1
    Professionals 1557 27.0
    Technicians & trades workers 720 12.5
    Clerical & administrative workers 987 17.1
    Sales 588 10.2
    Others 1050 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 241 9.0
    Infants/Primary 917 34.3
    Secondary 746 27.9
    Technical or Further Educational Institution 226 8.4
    University or other Tertiary Institutions 471 17.6
    Others 74 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7472 71.1
    Semi-detached, row or terrace house, townhouse 1873 17.8
    Flat, unit or apartment 1111 10.6
    House or flat attached to a shop, office 54 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1610 38.1
    Fully owned 1568 37.1
    Rented 1027 24.3
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals