If you compare the increase in value of investment property in Parkdale, 3195 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -6.77%.
Over the longer term, Parkdale has seen property prices show investors a 26.35% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -5.58% to buyers in Parkdale at the moment, which is less than average for the rest of VIC.
Residents and property investors in Parkdale have been waiting around 47.57 days to sell a property.
A $570 per week rent on the median house gives suburb investors a gross yield of circa 2.53%, without taking into account capital value appreciation, which has been averaging out at 7.01%.
VIC has seen average median house prices change by 3.42% which means that Parkdale, 3195 has done well for property investors by showing a capital gain of 5.02% over the last year
Taking the average capital gain, or increase in median house value, Parkdale,3195 has racked up an average of 5.02% over the period. This ranks it number 178th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $392.5 mark per week – giving a return of 2.96% based on the median price in Suburb