2. VIC
  3. Melbourne

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Here you can find what you need to know about Parkville, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$1.8M Median Sale Price (National Average $485k) 46th In VIC
-8.65% Median Sale Price Change (1yr) (National Average 4.30%) 2703rd In VIC
$750pw Median Rent (National Average $395) 74th In VIC
2.2% Median Gross Yield (National Average 4.24%) 547th In VIC

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Parkville, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Parkville, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Parkville, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Parkville


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Parkville, VIC 3052

Part of: Melbourne Council No data available

The size of Parkville is approximately 4.1 square kilometres. It has 23 parks covering nearly 51.1% of total area. The population of Parkville in 2011 was 6,192 people. By 2016 the population was 7,417 showing a population growth of 19.8% in the area during that time. The predominant age group in Parkville is 20-29 years. Households in Parkville are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Parkville work in a professional occupation. In 2011, 39% of the homes in Parkville were owner-occupied compared with 31.6% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Parkville

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Parkville   for Houses in last 12 months


There have been 16 Houses sold in Parkville in the past 12 months with a median sale price of $1.8M, down 8.7% annually. It takes on average 41 days to sell with vendor discounting of -4.8%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Parkwood QLD, 4214 16.71% $1,100,000 $840pw 4.0% View Suburb Profile
Carlton VIC, 3053 1.59% $1,410,000 $670pw 2.5% View Suburb Profile
North Melbourne VIC, 3051 -15.48% $1,149,433 $700pw 3.2% View Suburb Profile
California Gully VIC, 3556 -0.11% $459,500 $420pw 4.8% View Suburb Profile
Burnside SA, 5066 14.96% $1,575,000 $800pw 2.6% View Suburb Profile
Carlton North VIC, 3054 -0.13% $1,510,000 $755pw 2.6% View Suburb Profile

Currency

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