Suburb Profile Report for Parkdale VIC (3195)

Parkdale House: Median price $1,215,000, Annual capital growth 8.70%, Number of sales 113, Weekly median advertised rent $545

Parkdale Unit: Median price $650,000, Annual capital growth 7.38%, Number of sales 81, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Parkdale, 3195 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 20.54%.

When looking at the potential capital gains offered to property investors over the last 3 years, Parkdale comes in at number 74th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Parkdale, 3195. Typically our figures indicate that -3.20% is being offered, which puts this VIC suburb at 3428th most discounted overall in Australia.

The VIC suburb of Parkdale, 3195 is in the Kingston local government area.

At number 140th 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 21.16% recorded in median house prices.

Parkdale,3195 was ranked 736 in Australia by increase in median property value over the quarter.

Parkdale3195 is located in VIC which offers an average discount of -4.83% to property investors. Parkdale itself is showing figures that indicate -1.19% is the average achievable by property buyers investing in the suburb.

Advertised rents are around the $385 mark per week – giving a return of 3.08% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,215,000 $650,000
1.89% 1.48%
20.54% 21.16%
8.70% 7.38%
$545 $385
113 81
2.33% 3.08%
46.35 73.52

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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