Suburb Profile Report for Parkdale VIC (3195)

Parkdale House: Median price $1,155,000, Annual capital growth 6.55%, Number of sales 128, Weekly median advertised rent $570

Parkdale Unit: Median price $687,000, Annual capital growth 6.04%, Number of sales 98, 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

Investment property in Parkdale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.05%

The five-year average increase in median property values for Parkdale,3195 has given property investors a potential capital gain of 39.16% across each of those five years.

Parkdale, 3195 is offering VIC ‘s 120th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

Residents and property investors in Parkdale have been waiting around 72 days to sell a property.

Situated 22.34km from the CBD, Parkdale is one of Kingston (C) (Vic.) localities in the postcode 3195.

VIC has seen average median house prices change by 6.11% which means that Parkdale, 3195 has done well for property investors by showing a capital gain of -0.07% over the last year

If we look at median property appreciation over just the last three months, Parkdale has given property investors a paper return of 2.08%. This puts Suburb as 127 on a list of fastest fasting appreciating suburbs in VIC

Parkdale3195 is located in VIC which offers an average discount of -5.98% to property investors. Parkdale itself is showing figures that indicate -5.42% is the average achievable by property buyers investing in the suburb.

Situated 22.38km from the CBD, Parkdale is one of Kingston (C) (Vic.) localities in the postcode 3195.

Metrics i HOUSE UNIT
$1,155,000 $687,000
2.21% 2.08%
4.05% -0.07%
6.55% 6.04%
$570 $430
128 98
2.57% 3.25%
72 56.3846153846154

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 : Above average (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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