Thinking about buying in Parkville? Now could not be a better time, with 5454 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,292,000 with prices in this suburb ranging from $312,000 to $8,709,000. Parkville is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Parkville Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Parkville driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Parkville ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Parkville provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Parkville to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Parkville we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Parkville a better buying opportunity than it may have been in the past.

Properties for sale Parkville

	unit 206, 77 galada av, parkville, vic, 3052	2	1	1	$410,000 - $450,000
	unit 1006, 61 galada av, parkville, vic, 3052	1	1	1	$326,800 - $338,000
	flat 7, 8 st georges gr, parkville, vic, 3052	2	1	1	Private Sale $785,000
	flat 18, 283 royal pde, parkville, vic, 3052	3	1	1	Private Sale $1,075,000
	1-7 church st, parkville, vic, 3052	3	2	2	Private Sale $1,049,000
	apartment 105, 459 royal pde, parkville, vic, 3052	4	2	2	Private Sale $509,000
	flat 20, 7 manningham st, parkville, vic, 3052	2	1	1	$450,000-$480,000

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