Our latest figures would indicate that property sellers in Parkville are currently offering property investors an average price cut of -7.39% below the asking price at the moment.
In the last year 23 properties changed hands in Parkville, which puts it as the 575th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Parkville being $2337500 and the advertised rent reaching $775 the gross rental yield for property investors calculates out to be 1.72%
Property value increases in Parkville have tracked lower than the VIC average of 8.36% over the last 12 months.
A -0.83% growth in median value for property investors in Parkville,3052 puts this suburb at number 318th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Parkville is offering property investors an average of -4.67. This rate of discount on properties puts Suburb at number 96th in terms of most discounted suburbs in VIC
Advertised rents are around the $420 mark per week – giving a return of 4.32% based on the median price in Suburb