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Park Orchards VIC 3114

The size of Park Orchards is approximately 9.5 square kilometres. It has 15 parks covering nearly 10.3% of total area. The population of Park Orchards in 2011 was 3,717 people. By 2016 the population was 3,810 showing a population growth of 2.5% in the area during that time. The predominant age group in Park Orchards is 10-19 years. Households in Park Orchards are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Park Orchards work in a professional occupation. In 2011, 95.1% of the homes in Park Orchards were owner-occupied compared with 93.8% in 2016.

Park Orchards has 1,364 properties. Over the last 5 years, Houses in Park Orchards have seen a 36.14% increase in median value. As at 31 August 2024:

• The median value for Houses in Park Orchards is $1,835,027 while the median value for Units is $1,456,819.
• Houses have a median rent of $1,200.