Suburb Profile Report for Parkdale VIC (3195)

Parkdale House: Median price $1,240,000, Annual capital growth 7.50%, Number of sales 116, Weekly median advertised rent $520

Parkdale Unit: Median price $660,000, Annual capital growth 6.59%, Number of sales 104, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Parkdale has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.29% to date .

A 83.98% growth in median value for property investors in Parkdale,3195 puts this suburb at number 427th in terms of best performing suburbs in VIC

Parkdale, 3195 is offering VIC ‘s 485th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.18%, without taking into account capital value appreciation, which has been averaging out at 7.50%.

Giving property investors a a solid capital gain of 14.78% for the last year, Parkdale, 3195 is the 278th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Parkdale has given property investors a paper return of 1.77%. This puts Suburb as 187 on a list of fastest fasting appreciating suburbs in VIC

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 Parkdale, 3195. Typically our figures indicate that -4.94% is being offered, which puts this VIC suburb at 708th most discounted overall in Australia.

Parkdale is 317th on a list of best yielding suburbs for rents in VIC with a 3.11% return

Metrics i HOUSE UNIT
$1,240,000 $660,000
1.64% 1.77%
14.29% 14.78%
7.50% 6.59%
$520 $395
116 104
2.18% 3.11%
55.48 91.52

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
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Recent sales & rentals