Property value increases in Parkdale have tracked higher than the VIC average of 7.68% over the last 12 months.
Over the longer term, Parkdale has seen property prices show investors a 47.95% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Parkdale should be aiming for at least -3.82% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $555 and the average annual increase in value of a median property of 8.49%, investors should hope to achieve an overall return of 2.67%
With a capital gain of 0.19% for the last 12 months, Parkdale, 3195 has performed for property investments than its average annual 7.02% property growth over the last 5 years.
Parkdale,3195 has offered an average of 0.19% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Parkdale are currently offering property investors an average price cut of -6.86% below the asking price at the moment.
Often selling an investment property can take time, and in Parkdale the average time real estate has been on the market is 60.17 days.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.