Suburb Profile Report for Parkdale VIC (3195)

Parkdale House: Median price $1,217,500, Annual capital growth 8.88%, Number of sales 116, Weekly median advertised rent $550

Parkdale Unit: Median price $647,750, Annual capital growth 8.11%, Number of sales 88, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 177th in the list of Australian suburbs ordered by increase in median house value over the last year, Parkdale, 3195 is in the top 10% with a property value increase of 25.19% recorded in median house prices.

Across a shorter period, Parkdale, 3195 has seen a median price increase of 9.93% over the last quarter.

Vendor discounting in Parkdale is giving property investors an average Vendor Discount of around -3.20%. This puts suburb at number 540th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $550 mark per week – giving a return of 2.35% based on the median price in Suburb

Investment property in Parkdale has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 26.22%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parkdale has increased when compared to the 5 year average annual rate.

The most recent median price for Parkdale is $647750, with sellers offering an average of -5.04% off the asking price.

Parkdale is 332th on a list of best yielding suburbs for rents in VIC with a 3.01% return

Metrics i HOUSE UNIT
$1,217,500 $647,750
9.93% 4.90%
25.19% 26.22%
8.88% 8.11%
$550 $375
116 88
2.35% 3.01%
48.41 79.81

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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