Parkville, VIC 3052
City of MorelandAll suburbs in postcode 3052
Updated
Median house price
$2,025,000
Median · Land Victoria · the latest published quarter (updated May 2026)
Selling in Parkville?
Get the free selling guide, personalised to Parkville, or ask for a free appraisal from a local agent.
Parkville at a glance
- Median unit
- $507,500
- Weekly rent
- $950
- Houses · units $670
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025
House prices in Parkville
Houses change hands at $2,025,000 on a typical sale, well above the Victoria median. Units come in around $507,500, roughly 75% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $405,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of September 2025· Victorian rental report
Free appraisal in Parkville
What’s your home worth in Parkville?
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What to know about Parkville
Parkville (3052) sits in the Moreland region of Victoria. The median house here is $2,025,000, well above the Victoria median of around $850K.
The area is somewhat walkable for a typical errand run, but a car still helps for grocery runs and weekend trips.
What it’s like to live here
Parkville scores 52/100 on walkability, which makes it somewhat walkable with workable public transport options. A short drive opens up most amenities; a car-light household is workable but not optimal.
Summer days here average around 27°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 582 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 6 government primary, 6 government secondary, 5 Catholic.
Schools in Parkville
Location
Walkability
- Walk
- 52/100
- Transit
- 60/100
- Bike
- 100/100
Somewhat walkable. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
Investment overview
Gross rental yield on houses sits at 2.44% (median rent $950/wk against a $2,025,000 price tag). Units yield 6.87% gross, often the better cash-flow play for first-time investors.
- Gross yield, housesSource: Land Victoria / DTP · May 2026
- 2.44%
- On the $2,025,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 6.87%
- On the $507,500 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
882 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 582 mm
- Hottest month, avg max
- 26.9°C
- Coldest month, avg min
- 6.8°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Parkville
- What is the median house price in Parkville?
- The median house price in Parkville, VIC 3052 is $2,025,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $507,500.
- How much is my house worth in Parkville?
- A useful starting point is the Parkville median house price of $2,025,000 (units $507,500). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Parkville a good investment?
- On the published figures, the gross rental yield on houses in Parkville is 2.4%: the median weekly house rent is $950 (Victorian rental report, September 2025) against the median house price of $2,025,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Parkville: the Land Victoria figures we hold do not measure one. Whether Parkville is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Parkville postcode?
- Parkville is in the 3052 postcode, in VIC, in the City of Moreland region.
- Where is Parkville?
- Parkville is a suburb in the City of Moreland area, VIC 3052.
- What is the average rent in Parkville?
- The median weekly rent for houses is $950, for units it's $670.
- What schools are in Parkville?
- There are 20 schools serving Parkville on this page, including St Michael's Primary School, St Aloysius College, Parkville College.
- How walkable is Parkville?
- Parkville has a Walk Score of 52 out of 100, somewhat walkable. transit score 60, bike score 100.
- What suburbs are near Parkville?
- Parkville is close to Travancore, North Melbourne, Brunswick South, Princes Hill, Hotham Hill.
Selling in Parkville? Get the free selling guide
What selling costs, how agents price homes, what to ask them and a 12-week plan to settlement, personalised to Parkville. A free PDF, in about a minute.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.