Parkdale is an established suburb in Victoria within the Kingston (Vic.) local government area (postcode 3195). With a population of 12,308, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $111K per year, with an average household size of 2.5 people. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Parkdale stand at $1.5 million, having grown strongly by 7.7% over the last twelve months. Units have a median price of $640,000 (-15.8% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,366.
Parkdale is served by 3 schools, including 3 primary. The average ICSEA score is 1111, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 36 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.0% (low yield). Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 13.4x is considered stretched. House prices have moved +7.7% year-on-year.