Suburb Profile Report for Parkdale VIC (3195)

Parkdale House: Median price $1,180,000, Annual capital growth 8.91%, Number of sales 111, Weekly median advertised rent $530

Parkdale Unit: Median price $644,000, Annual capital growth 7.99%, Number of sales 84, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 22.28% for the last 12 months, Parkdale, 3195 has performed for property investments than its average annual 8.91% property growth over the last 5 years.

Parkdale,3195 has offered an average of 22.28% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Parkdale is giving property investors an average Vendor Discount of around -1.57%. This puts suburb at number 608th in VIC when ranking the most discounted suburbs.

With a capital gain of 25.78% for the last 12 months, Parkdale, 3195 has performed for property investments than its average annual 7.99% property growth over the last 5 years.

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

Property buyers and investors in Parkdale 3195 should be seeing an average reduction in asking price of around -5.44% . This means that Parkdale is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Parkdale have been waiting around 58.31 days to sell a property.

Advertised rents are around the $360 mark per week – giving a return of 2.91% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,180,000 $644,000
9.26% 7.33%
22.28% 25.78%
8.91% 7.99%
$530 $360
111 84
2.34% 2.91%
43.72 58.31

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
Chart Table
Recent sales & rentals