Parkdale has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 18.34% to date .
Taking the average capital gain, or increase in median house value, Parkdale,3195 has racked up an average of 18.34% over the period. This ranks it number 544th in the whole country for real estate investors looking at median house price increases.
Parkdale, 3195 is offering VIC ‘s 479th 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.
Situated 22.16km from the CBD, Parkdale is one of Kingston localities in the postcode 3195.
At number 174th 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 20.23% recorded in median house prices.
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 $649225, with sellers offering an average of -2.23% off the asking price.
In the last year 89 properties changed hands in Parkdale, which puts it as the 96th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 6.88%, investors should hope to achieve an overall return of 3.16%