PARKVILLE
Positioned within the premium family sector of the market, Parkville has evolved into a locality defined by its distinct property landscape. The suburb currently holds a median house price of $1.83m. Recent market cycles have seen a consolidation phase with a -6% adjustment. For market observers, this represents a stabilization of values following previous cycles, placing the suburb at a different price-point relative to its historical peaks.
Lifestyle Profile
The streetscape of Parkville is the quintessential picture of suburban stability. You will typically find larger block sizes, wide driveways, and a mix of renovated mid-century homes alongside modern builds.
At a community level, Parkville is defined by family activity. Weekends see the local parks filled with junior sports, and the demographic is heavily skewed towards households with school-aged children.
For active residents, the area delivers. The abundance of green belts, cycle paths, and council-maintained sporting facilities adds a layer of 'health and wellness' to the local lifestyle.
The Demographic Profile
Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $50,985. With a price-to-income ratio significantly above the state average, ownership in Parkville often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.
Education & Catchments
School catchment zones are a primary driver of long-term property demand. Parkville benefits from access to high-performing educational assets. Institutions like Brunswick South West Primary School (ICSEA Percentile 97) act as significant drawcards. Historical data shows that catchments for top-tier schools often experience tighter stock retention rates as families hold properties for the duration of schooling.
Market Outlook
With a -6.2% adjustment, the market is currently in a consolidation phase, potentially offering better entry value than peak periods.
Quick FAQ about Parkville:
- Is Parkville expensive? With a median price of $1.83m, it is considered a premium family market, often attracting buyers seeking upscale living standards.
- What are the schools like? The catchment for Brunswick South West Primary School is a major driver of local demand.
Primary Schools
Brunswick South West Primary School
Princes Hill Primary School
North Melbourne Primary School
Flemington Primary School
Carlton Gardens Primary School
Carlton Primary School
Debney Meadows Primary School
Secondary / High Schools
Explore Nearby Markets
Local Schools & Maps
Explore primary and secondary schools in the catchment area.
Primary Schools
Secondary Schools
DISCLAIMER: GENERAL INFORMATION ONLY.
The data presented on Aussie Housing, including school zones, "Education Efficiency" scores, and median prices, is for general information and research purposes only. While we aim for accuracy, school catchment boundaries are subject to change by state departments and should be verified directly with the individual school before making any purchasing decision.
NO PROFESSIONAL ADVICE: Aussie Housing is not a licensed real estate agent, valuer, or financial advisor. The "Education Efficiency" metric is a proprietary data point and does not constitute a valuation or a recommendation to buy. You should always conduct your own due diligence and consult with a conveyancer, solicitor, or financial planner before acquiring property.
DATA LIMITATIONS: Market data is aggregated from various public sources and may have latency. We do not guarantee the complete accuracy of historical sales data or current boundary lines.