Parkdale is a well-established suburb in Victoria within the Kingston (Vic.) local government area (postcode 3195). With a population of 12,308, the suburb has an established demographic with a median age of 43. Households earn a median income of $111K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Parkdale is $1.5 million, having grown strongly 7.7% over the past year. Units have a median price of $760,000 (+0.5% YoY). The current median weekly rent is $560. 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.
From an investment perspective, Parkdale offers a gross rental yield of 2.0%, rated as 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.
Parkdale is a well-established suburb in Victoria within the Kingston (Vic.) local government area (postcode 3195). With a population of 12,308, the suburb has an established demographic with a median age of 43. Households earn a median income of $111K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Parkdale is $1.5 million, having grown strongly 7.7% over the past year. Units have a median price of $760,000 (+0.5% YoY). The current median weekly rent is $560. 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.
From an investment perspective, Parkdale offers a gross rental yield of 2.0%, rated as 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.