Over the last year, property investments in Parkdale, 3195 have given investors a capital gain of 17.39%. This compares very favourably with the 8.13% for VIC as a whole.
Parkdale,3195 was ranked 714 in Australia by increase in median property value over the quarter.
At number 418th of VIC’s most discounted properties, Parkdale is in the TOP 40% of the state/territory when listing in order of most discounted to least.
At number 326 in a list of fastest selling suburbs, Parkdale is in the TOP 10% of suburbs in Australia with an average of days on market 43.61 for properties listed there.
Parkdale has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.20% to date .
Over the longer term, Parkdale has seen property prices show investors a 15.74% 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 -6.77% off the asking price, which is the average vendor discount being achieved at the moment.
Parkdale is 293th on a list of best yielding suburbs for rents in VIC with a 3.49% return