Parkville VIC 3052
Parkville is in Melbourne LGA, VIC, postcode 3052, with population 7,074.
Strong evidence
Parkville has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Weekly rent screens at about 74% of annual income. LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Open matching rent ranking →3,563 latest-year approvals in Melbourne, +0.0% YoY; population +3.7% YoY (2.7% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Income-stretched rent market
Weekly rent screens at about 74% of annual income. Snapshot rent $670/wk.
LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Parkville has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
No major visible gaps in the current status panel.
Parkville currently reads as a growth-momentum candidate.
Recent price movement shows visible market momentum. Population movement supports a growth-led read. Premium pricing raises the bar for yield, affordability, and downside checks. Gross yield looks low for an income-first use case.
Compare it against a contrasting suburb before turning it into a decision.
Recent price movement shows visible market momentum. Population movement supports a growth-led read. Transport coverage adds a practical access signal.
Premium pricing raises the bar for yield, affordability, and downside checks. Gross yield looks low for an income-first use case.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Parkville VIC
Parkville is a mid-sized suburb in Victoria within the Melbourne local government area (postcode 3052). With a population of 7,074, the suburb has a young professional demographic with a median age of 26. Households earn a median income of $98K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, clerical & administrative. Employment in the area leans toward education and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Parkville is $2.5 million, having surged 29.7% over the past year. Units have a median price of $520,000 (-1% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,000.
Parkville is served by 2 schools, including 1 secondary, 1 special. The average ICSEA score is 1117, which is well above the national average of 1,000. Public transport access includes 7 rail stations, 41 bus stops. Healthcare facilities include 2 public hospitals. The crime rate in the Melbourne LGA is higher than average at 23,998 incidents per 100,000 population.
From an investment perspective, Parkville offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($2.5M/$875K), placing it in the premium segment. The price-to-income ratio of 25.3x is considered stretched. House prices have moved +29.7% year-on-year. Population growth of +3.7% year-on-year indicates strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Parkville is a mid-sized suburb in Victoria within the Melbourne local government area (postcode 3052). With a population of 7,074, the suburb has a young professional demographic with a median age of 26. Households earn a median income of $98K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, clerical & administrative. Employment in the area leans toward education and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Parkville is $2.5 million, having surged 29.7% over the past year. Units have a median price of $520,000 (-1% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,000.
Parkville is served by 2 schools, including 1 secondary, 1 special. The average ICSEA score is 1117, which is well above the national average of 1,000. Public transport access includes 7 rail stations, 41 bus stops. Healthcare facilities include 2 public hospitals. The crime rate in the Melbourne LGA is higher than average at 23,998 incidents per 100,000 population.
From an investment perspective, Parkville offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($2.5M/$875K), placing it in the premium segment. The price-to-income ratio of 25.3x is considered stretched. House prices have moved +29.7% year-on-year. Population growth of +3.7% year-on-year indicates strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Parkville FAQ
Common questions-
What LGA is Parkville in?
Parkville is in the Melbourne Local Government Area, VIC, postcode 3052. Council-level context for Melbourne LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Parkville?
The current median house price in Parkville, VIC is $2.5M, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Parkville?
The median weekly rent in Parkville is $670/wk, based on the current market rent dataset. The current rent signal is income-stretched rent market.
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What does the rent signal say about Parkville?
Income-stretched rent market: Weekly rent screens at about 74% of annual income. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Parkville a good investment?
QuickProperty's investment signals for Parkville show: Low Yield, Above Median, Stretched. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Parkville?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Parkville data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.