Park Orchards is a smaller suburb in Victoria within the Manningham local government area (postcode 3114). With a population of 3,835, the suburb has a mature demographic with a median age of 45. Households earn a median income of $164K per year, with an average household size of 3.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Park Orchards is $1.9 million, having surged 11.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $3,000.
Park Orchards is served by 2 schools, including 2 primary. The average ICSEA score is 1119, which is well above the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Manningham LGA is below average at 3,807 incidents per 100,000 population.
From an investment perspective, Park Orchards offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +11.3% year-on-year.
Park Orchards is a smaller suburb in Victoria within the Manningham local government area (postcode 3114). With a population of 3,835, the suburb has a mature demographic with a median age of 45. Households earn a median income of $164K per year, with an average household size of 3.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Park Orchards is $1.9 million, having surged 11.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $3,000.
Park Orchards is served by 2 schools, including 2 primary. The average ICSEA score is 1119, which is well above the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Manningham LGA is below average at 3,807 incidents per 100,000 population.
From an investment perspective, Park Orchards offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +11.3% year-on-year.