parkdale
3195, Victoria
Real Estate & Property Information
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.
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 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
19 Reid Street
1 McSwain STREET
18 Second Street
7 Dover Place
1/298 Nepean Highway
7 MORRIS ST
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.
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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
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