Suburb Profile Report for Parkdale VIC (3195)

Parkdale House: Median price $1,150,000, Annual capital growth 8.57%, Number of sales 117, Weekly median advertised rent $540

Parkdale Unit: Median price $635,500, Annual capital growth 7.93%, 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

With a capital gain of 19.11% for the last 12 months, Parkdale, 3195 has performed for property investments than its average annual 8.57% property growth over the last 5 years.

Parkdale,3195 was ranked 540 in Australia by increase in median property value over the quarter.

Parkdale3195 is located in VIC which offers an average discount of -5.87% to property investors. Parkdale itself is showing figures that indicate -3.00% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 9.75 sales per month, which equates to 117 per year.

Advertised rents are around the $540 mark per week – giving a return of 2.44% based on the median price in Suburb

Parkdale is in the TOP 10% in VIC when comparing median price capital growth over the last year. Parkdale gave property investors a very good capital gain figure when compared to the rest of the state, with 27.35%.

Comparing Parkdale,3195 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Parkdale is $635500, with sellers offering an average of -5.44% off the asking price.

At number 368 in a list of fastest selling suburbs, Parkdale is in the TOP 30% of suburbs in Australia with an average of days on market 57.66 for properties listed there.

Situated 21.34km from the CBD, Parkdale is one of Kingston localities in the postcode 3195.

Metrics i HOUSE UNIT
$1,150,000 $635,500
5.99% 7.71%
19.11% 27.35%
8.57% 7.93%
$540 $360
117 93
2.44% 2.95%
43.22 57.66

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
Chart Table
Recent sales & rentals