Over the last year, property investments in Parkdale, 3195 have given investors a capital gain of 2.69%. This compares badly with the 8.62% for VIC as a whole.
While Parkdale,3195 ranked number 590th in VIC for increase in median house value (annualised) increase, it is ranked 83th over the last 5 years.
Parkdale, 3195 is offering VIC ‘s 614th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
On average over the past year, suburb has had 8.67 sales per month, which equates to 104 per year.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 7.32%, investors should hope to achieve an overall return of 2.15%
VIC has seen average median house prices change by 7.50% which means that Parkdale, 3195 has done well for property investors by showing a capital gain of 3.06% over the last year
A 44.13% growth in median value for property investors in Parkdale,3195 puts this suburb at number 182th in terms of best performing suburbs in VIC
The most recent median price for Parkdale is $660100, with sellers offering an average of -5.58% off the asking price.
Often selling an investment property can take time, and in Parkdale the average time real estate has been on the market is 66.55 days.
Advertised rents are around the $400 mark per week – giving a return of 3.15% based on the median price in Suburb