parkdale

3195, Victoria

Real Estate & Property Information

Median
Price Rank
88

parkdale Suburb Profile & Review

Parkdale is a lovely residential suburb on Port Phillip Bay, between Mentone and Mordialloc. While Parkdale Beach is a popular destination during the summer months, locals enjoy views of its glistening waves all year round from Parkdale Beach cafe. The Parkdale Yacht Club is a great family-friendly club that conducts races and training for boats utilising the suburb's waterside location.

There are three primary schools to choose from, while Parkdale Secondary College is across Warren Road in Mordialloc. St Bede's College is a highly reputable private Christian school just beyond the eastern border of the suburb.

There are a number of buses servicing the area; however, the train from Parkdale Station is generally considered the best route into the city, because the journey takes only forty minutes. Those who prefer to drive will find Parkdale is just thirty-five minutes from the CBD on the Nepean Highway. On Como Parade West, just next to the train station, there is an IGA supermarket, restaurants and cafes. The Parkdale Library is on the other side of the train tracks on Parkers Road. The Como Private Hospital, an accredited medical, surgical and rehabilitation facility, is further down Como Parade West.

parkdale Demographic Data

$ 750,050 Median House Price

34 Minutes Average Commute

40 Median Age

11,185 Population

51.97 % Female

48.03 % Male

2958 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in parkdale, Victoria.

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parkdale Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

parkdale Median House Prices

  • 2008 $ 610,000
  • 2009 $ 615,000
  • 2010 $ 620,000
  • 2011 $ 750,000
  • 2012 $ 750,050

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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parkdale 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in parkdale have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term parkdale property price predictions.

parkdale Market Property Types

  • 61 % Seperate House
  • 22 % Semi Detached
  • 17 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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parkdale Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

parkdale Income & Mortgage Stats

  • $ 1,402 Median Weekly Household Income
  • $ 2,000 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in parkdale

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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parkdale Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

parkdale Sold Property Prices

parkdale Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

parkdale Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

parkdale Restaurants

  • Station Stop Cafe274 Como Parade West parkdale VIC 319503 9580 1665
  • Sithara236 Como Parade parkdale VIC 319503 9580 0725
  • Parkers Cafe79 Parkers Rd parkdale VIC 319503 9588 2821

parkdale Cafes

  • Parkdale Beach Cafe2B Beach Roadparkdale VIC 319503 9580 3377
  • Station Stop Cafe274 Como Parade Westparkdale VIC 319503 9580 1665
  • Basic BlackComo Parade West parkdale VIC 319503 9587 2733

parkdale Schools

  • St. John Vianneys Primary SchoolBrisbane Terraceparkdale VIC 3195(03) 9580 5812Catholic Primary School
  • Parktone Primary SchoolMcSwain Stparkdale VIC 3195(03) 9580 1207State Primary School

parkdale Childcare

  • ABC Learning Centre104-106 Warrigal Roadparkdale VIC 3195
  • Mountview Avenue CCC3 Mount View Avenueparkdale VIC 3195

parkdale Kindergarten and Preschools

  • Elonera PreschoolCnr Victoria & Davey Stsparkdale VIC 3195
  • Parkdale PreschoolAlameda Placeparkdale VIC 3195

parkdale Sporting Centres and Clubs

  • Little Athletics Centres, Mentone, Dolomore Reserveparkdale VIC 3195Athletics Club
  • Dolomore ReserveQueen Stparkdale VIC 3195Athletics Club
  • Parkdale Yacht Clubparkdale VIC 3195Boating Club

Find out How Much your House is Worth in parkdale

Request a free market Basic Report for parkdale to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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