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Investment Property Parkdale, VIC, 3195

Suburb Snapshot

Parkdale is a suburb in the Kingston Region of Victoria. Parkdale has a population of 11,745 people and 20.40% of its occupants live in rental accommodation. The median listing price for houses is $1,500,000 and this has changed 7.14% over the past year and changed 15.38% over 2 years.

The median rent in Parkdale for houses is $750 per week and the median rental yield is 2.60%. Stock on the market for houses/townhouses has changed -30.00% compared to last year and the average time to sell a house/townhouse is 52 days.The median listing price for units is $620,000 and this has changed 3.33% over the past year. The average unit takes 85 days to sell and the median rent for a unit in Parkdale is $495 per week, producing a rental yield of 4.15%.

Supply & Demand in Parkdale, Kingston

0.82%

Current vacancy rate


45

Rental stock available


11,745

Population


20.40%

Rental population


0.73%

Current vacancy rate


518

Rental stock available


151,389

Population


22.80%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Parkdale, Kingston

  House Townhouses Units
Median listing price $1,500,000 $1,150,000 $620,000
Median price change - last quarter 0.00% -1.08% 1.63%
Median price change - 1 year 7.14% -1.08% 3.33%
Median price change - 2 years 15.38% 4.54% 3.33%
  House Townhouses Units
Median weekly rent $750 $780 $495
Median yield % 2.60% 3.52% 4.15%
Median rent change - 1 year 7.14% 0.64% 6.45%
  House Units
Previous month sales 8 4
Stock on market previous month 28 27
Stock variance vs. last year -30.00% -10.00%
Average days on market 52 85

Parkdale investment property listings

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