Middle Park is a smaller suburb in Victoria within the Port Phillip local government area (postcode 3206). With a population of 4,000, the suburb has a mature demographic with a median age of 45. Households earn a median income of $147K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Middle Park is $2.6 million, having increased 3.2% over the past year. Units have a median price of $920,000 (+29.6% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,467.
Middle Park is served by 1 school, including 1 primary. The average ICSEA score is 1150, which is well above the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Port Phillip LGA is higher than average at 13,835 incidents per 100,000 population.
From an investment perspective, Middle Park offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.6M/$875K), placing it in the premium segment. The price-to-income ratio of 17.4x is considered stretched. House prices have moved +3.2% year-on-year.
Middle Park is a smaller suburb in Victoria within the Port Phillip local government area (postcode 3206). With a population of 4,000, the suburb has a mature demographic with a median age of 45. Households earn a median income of $147K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Middle Park is $2.6 million, having increased 3.2% over the past year. Units have a median price of $920,000 (+29.6% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,467.
Middle Park is served by 1 school, including 1 primary. The average ICSEA score is 1150, which is well above the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Port Phillip LGA is higher than average at 13,835 incidents per 100,000 population.
From an investment perspective, Middle Park offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.6M/$875K), placing it in the premium segment. The price-to-income ratio of 17.4x is considered stretched. House prices have moved +3.2% year-on-year.