607/51-55 Galada Avenue

Parkville VIC 3052

The size of Parkville is approximately 4.1 square kilometres. It has 23 parks covering nearly 51.1% of total area. The population of Parkville in 2011 was 6,192 people. By 2016 the population was 7,417 showing a population growth of 19.8% in the area during that time. The predominant age group in Parkville is 20-29 years. Households in Parkville are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Parkville work in a professional occupation. In 2011, 39% of the homes in Parkville were owner-occupied compared with 31.6% in 2016.

Parkville has 4,060 properties. Over the last 5 years, Houses in Parkville have seen a -5.32% decrease in median value, while Units have seen a 6.12% increase. As at 31 August 2024:

• The median value for Houses in Parkville is $1,962,892 while the median value for Units is $599,056.
• Houses have a median rent of $980 while Units have a median rent of $525.