Parkville VIC Property Investment

Melbourne · 3052

Looking at a specific property in Parkville? Get its legal use, net yield and a rules-based walk-or-bid check. Your first full Report is free.

Median House Price

$1.80M

As of 7 Nov 2026.

Rental Yield

N/A

Vacancy Rate

N/A

Median Weekly Rent

N/A

Median Unit Price

$470K

As of 7 Nov 2026.

Population (Census 2021)

7,074

Parkville Short-Term Rental Market

Short-stay estimate: run a brief

Price growth (10-yr, to Dec 2025)

2.5%/yr

houses, median sale price, annualised · 10-yr, to Dec 2025 · Source: Recorded sales medians

New dwellings approved

New dwellings approved, Melbourne council area, 12 months to Aug 2026: 4,741. Source: ABS Building Approvals, Australia (cat. 8731.0). This is the whole council area, not just Parkville.

Suburb Metric Thresholds

5 green1 yellow1 red

Population growth 2016–21, postcode 3052 (ABS Census)

5.09 high impact

Median Household Income

1885 medium impact

Public Transport Score

74 medium impact

School Zone Quality

8.8 medium impact

Distance to CBD

3.34 medium impact

SEIFA Advantage/Disadvantage

9 medium impact

Owner Occupier Rate

32.5 medium impact

Macro Environment

Macro Indicators

Cash Rate

4.85%

▲ 0.25%

Cash rate 4.85% as at 2026-11-04 (effective date) · Source: RBA cash rate target · Credit data 2026-09

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 3052

Most disadvantagedLeast disadvantaged

Decile 8 of 10 — Low disadvantage

Population (suburb)

7,074

Education (IEO)

10/10

Econ. Resources (IER)

1/10

Schools

In your catchment

Debney Meadows Primary School

PrimaryGovernment

3.4/10

Mount Alexander 7-12 College

SecondaryGovernment

7.5/10

These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.