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Parklea Suburb Insights
VICLocation Information
Suburb Name
Parklea, VIC
Distance from CBD
10.1 kmDemographics
Population
3,465
Median Income
$43,004
Area Information
Area
1.06 km²
Population Density
3269 people/km²
Property Market
Median Price
$1,157,590
Annual Growth
+19.9%Property Price Trend Analysis
Current Median Price
$1,157,590
Annual Growth
+19.9%
Quarterly Growth
+3.6%
Price Trends - Last 6 Months
2024-01
$846,678
+4.5%2024-02
$484,133
+10.4%2024-03
$716,757
+14.4%2024-04
$1,010,712
+10%2024-05
$795,807
+8.1%2024-06
$488,621
+19.6%Property Type Price Analysis
House
Median Price
$1,296,956
Growth Rate
+12.8%Available Listings
230 properties
Apartment
Median Price
$425,505
Growth Rate
+13%Available Listings
347 properties
Townhouse
Median Price
$771,660
Growth Rate
+13.1%Available Listings
285 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy