Flemington vs Parkville
Flemington (median $1,165,500) is roughly 42% cheaper to buy into than Parkville ($2,025,000).
Buying in Flemington or Parkville?
Selling in Flemington? The free selling guide
Flemington and Parkville side by side
| Measure | Flemington | Parkville |
|---|---|---|
| Price and market | ||
| Median house | $1,165,500 | $2,025,000 |
| Median unit | $470,000 | $507,500 |
| Renting | ||
| House rent | $760/wk | $950/wk |
| Unit rent | $560/wk | $670/wk |
| Owner occupied | 37.0% | – |
| Renter occupied | 61.0% | – |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1094 | 1082 |
| Lifestyle and people | ||
| Walk score | 100 | 52 |
| Transit score | 30 | 60 |
| Bike score | 100 | 100 |
| Population | 7,025 | – |
| Median age | 34 | – |
| Climate | ||
| Annual rainfall | 582 mm | 582 mm |
| Mean max, January | 26.9°C | 26.9°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Flemington scores higher on walkability (100/100 vs 52/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Flemington (1094) sits above Parkville (1082).
- For buyers
- Flemington is the lower entry point at $1,165,500 median, 42% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Flemington offers the higher gross rental yield (3.39% vs 2.44%), favouring cash-flow investors.
- For families
- Flemington edges out on average school ICSEA (1094 vs 1082).
Flemington vs Parkville: common questions
Is Flemington or Parkville cheaper to buy in?
Flemington has the lower median house price at $1,165,500, roughly 42% below Parkville ($2,025,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Flemington or Parkville have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Flemington scores 1094 vs 1082 in Parkville. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Flemington or Parkville?
Flemington scores 100/100 on walkability vs 52/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Flemington or Parkville?
Gross rental yield on houses is 3.39% in Flemington vs 2.44% in Parkville. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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