Suburb Profile Report for Parkville VIC (3052)

Parkville House: Median price $1,837,500, Annual capital growth 8.98%, Number of sales 18, Weekly median advertised rent $930

Parkville Unit: Median price $475,000, Annual capital growth 0.62%, Number of sales 61, Weekly median advertised rent $430

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Parkville, 3052 have given investors a capital gain of 13.43%. This compares very favourably with the 2.87% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Parkville,3052 has racked up an average of 13.43% over the period. This ranks it number 589th in the whole country for real estate investors looking at median house price increases.

Parkville, 3052’s gross rental yield is 2.63%

Parkville is an average performer in VIC when comparing median price capital growth over the last year. Parkville gave property investors a average capital gain figure when compared to the rest of the state, with 4.11%.

The five-year average increase in median property values for Parkville,3052 has given property investors a potential capital gain of -5.09% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Parkville, 3052. Typically our figures indicate that -6.04% is being offered, which puts this VIC suburb at 519th most discounted overall in Australia.

Parkville, 3052’s gross rental yield is 4.71%

Metrics i HOUSE UNIT
$1,837,500 $475,000
12.04% 3.71%
13.43% 4.11%
8.98% 0.62%
$930 $430
18 61
2.63% 4.71%
N/A 65.7777777777778

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Above average (U)
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Demographics
Total population 6192
Median household income ($/weekly) 1487
Median age of persons 24
Median housing loan repayment ($/monthly) 2100
Average household size 2.3
  • Census Count Percent(%)
    15-19 years 1092 17.6
    20-24 years 1648 26.6
    25-34 years 1146 18.5
    35-44 years 490 7.9
    55-64 years 411 6.6
    Others 1406 22.7
    Age Group
    Census Count Percent(%)
    Not Married 1810 57.3
    Registered Married 992 31.4
    Defacto Relationship 357 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3526 61.2
    Croatia 352 6.1
    Malta 317 5.5
    United Kingdom 244 4.2
    Other 300 5.2
    Others 1025 17.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 307 5.7
    Christianity 2472 45.6
    Hinduism 96 1.8
    Islam 153 2.8
    No Religion 2349 43.3
    Others 47 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 116 8.4
    $1,250-$1,499 142 10.3
    $1,500-$1,999 171 12.3
    $2,500-$2,999 157 11.3
    $4,000 or more 116 8.4
    Others 683 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2137 39.4
    Employed, worked full-time 1443 26.6
    Employed, worked part-time 1232 22.7
    Unemployed, looking for work 404 7.5
    Employed, away from work 201 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 283 9.8
    Professionals 1212 42.2
    Community & personal service workers 376 13.1
    Clerical & administrative workers 365 12.7
    Sales 245 8.5
    Others 393 13.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 137 4.5
    Secondary 139 4.5
    Technical or Further Educational Institution 66 2.2
    University or other Tertiary Institutions 2627 86.0
    Other type of educational institution 55 1.8
    Others 31 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1582 44.1
    Semi-detached, row or terrace house, townhouse 1463 40.8
    Separate house 541 15.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 899 59.2
    Fully owned 323 21.3
    Being purchased 283 18.6
    Other tenure type 13 0.9
    Tenure Type
Census 2011, ABS
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