With a capital gain of 12.00% for the last 12 months, Parkville, 3052 has performed for property investments than its average annual 11.24% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parkville has increased when compared to the 5 year average annual rate.
Property investors should expect to get $595 weekly from the median priced house in this suburb.
Property value increases in Parkville have tracked just lower than the VIC average of 6.72% over the last 12 months.
Over the longer term, Parkville has seen property prices show investors a 4.90% return over the last 3 years. This is worse than over the last 12 months
With the median price for a house in Parkville being $535000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.08%