Suburb Profile Report for Parkdale VIC (3195)

Parkdale House: Median price $1,092,500, Annual capital growth 7.98%, Number of sales 113, Weekly median advertised rent $535

Parkdale Unit: Median price $610,000, Annual capital growth 8.26%, Number of sales 93, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Parkdale, 3195 have given investors a capital gain of 13.80%. This compares favourably with the 8.27% for VIC as a whole.

Parkdale,3195 has offered an average of 13.80% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -4.30% to buyers in Parkdale at the moment, which is less than average for the rest of VIC.

With the median price for a house in Parkdale being $1092500 and the advertised rent reaching $535 the gross rental yield for property investors calculates out to be 2.55%

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 26.95%.

Over the longer term, Parkdale has seen property prices show investors a 27.08% return over the last 3 years. This is worse than over the last 12 months

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Parkdale itself are offering an average vendor discount of -6.17% to real estate investors.

On average over the past year, suburb has had 7.75 sales per month, which equates to 93 per year.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.07%, without taking into account capital value appreciation, which has been averaging out at 8.26%.

Metrics i HOUSE UNIT
$1,092,500 $610,000
1.16% 7.87%
13.80% 26.95%
7.98% 8.26%
$535 $360
113 93
2.55% 3.07%
42.32 56.41

Source: CoreLogic

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