Parkdale has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 18.35% to date .
The five-year average increase in median property values for Parkdale,3195 has given property investors a potential capital gain of 31.25% across each of those five years.
The most recent median price for Parkdale is $1006000, with sellers offering an average of -4.78% off the asking price.
In the last year 134 properties changed hands in Parkdale, which puts it as the 190th most active market in VIC when comparing the number of sales per suburb.
Parkdale is 465th on a list of best yielding suburbs for rents in VIC with a 2.83% return
Parkdale is in the bottom 40% in VIC when comparing median price capital growth over the last year. Parkdale gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.25%.
The five-year average increase in median property values for Parkdale,3195 has given property investors a potential capital gain of 10.99% across each of those five years.
Our latest figures would indicate that property sellers in Parkdale are currently offering property investors an average price cut of -6.20% below the asking price at the moment.
Residents and property investors in Parkdale have been waiting around 46.97 days to sell a property.
With the median price for a house in Parkdale being $516400 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.63%