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%.