At number 177th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkdale, 3195 is in the top 10% with a property value increase of 25.19% recorded in median house prices.
Across a shorter period, Parkdale, 3195 has seen a median price increase of 9.93% over the last quarter.
Vendor discounting in Parkdale is giving property investors an average Vendor Discount of around -3.20%. This puts suburb at number 540th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $550 mark per week – giving a return of 2.35% based on the median price in Suburb
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 26.22%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parkdale has increased when compared to the 5 year average annual rate.
The most recent median price for Parkdale is $647750, with sellers offering an average of -5.04% off the asking price.
Parkdale is 332th on a list of best yielding suburbs for rents in VIC with a 3.01% return