Park Orchards, VIC 3114

Park Orchards, VIC 3114

Compare Part of Manningham

22.69 km
Distance from CBD
4 k
Population
Median Sale Price
House
-
Updated on Jan 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jan 2024
1 BR
-
2 BR
-
3 BR
-
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$835,000
0.0% $510,000 $1,275,000 32
2010
$940,000
+11.2% $250,000 $2,300,000 39
2011
$1,005,000
+6.5% $540,000 $2,310,000 38
2012
$951,000
-5.7% $645,000 $2,000,000 42
2013
$976,000
+2.6% $586,000 $3,172,000 86
2014
$1,167,000
+16.4% $680,000 $2,250,000 54
2015
$1,331,300
+12.3% $572,000 $3,500,000 58
2016
$1,400,000
+4.9% $860,000 $2,650,000 48
2017
$1,500,000
+6.7% $875,000 $3,107,000 40
2018
$1,550,000
+3.2% $1,072,500 $2,735,000 32
2019
$1,745,000
+11.2% $870,000 $2,910,000 45
2020
$1,800,000
+3.1% $870,000 $4,400,000 40
2021
$1,960,000
+8.2% $1,285,000 $5,000,000 56
2022
$2,131,000
+8.0% $1,400,000 $6,200,000 55
2023
$1,907,000
-11.7% $1,190,000 $3,023,000 40
2024
$2,620,000
+27.2% $1,691,000 $5,800,000 7
Median Sale Price
$1.95M
Based on 36 recorded sales within the last 12 months
Updated on 29 Mar 2024
Suburb Growth
-1.8%
Current Median Price: $1,950,000
Previous Median Price: $1,986,000
Based on 89 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Feb 2024)
Price Range Segments (12 months ending Feb 2024)
Median Weekly Rent Price
House
-
Updated on Jan 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jan 2024
1 BR
-
2 BR
-
3 BR
-
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$650
0.0% $350 $1,350 10
2012
$520
-25.0% $340 $1,300 9
2013
$800
+35.0% $300 $1,500 18
2014
$700
-14.3% $350 $1,220 9
2015
$550
-27.3% $360 $2,310 11
2016
$700
+21.4% $350 $1,500 14
2017
$660
-6.1% $375 $1,650 13
2018
$700
+5.7% $370 $1,650 14
2019
$925
+24.3% $390 $2,080 22
2020
$600
-54.2% $295 $1,050 9
2021
$1,100
+45.5% $530 $1,650 10
2022
$1,100
0.0% $410 $1,600 6
2023
$1,350
+18.5% $820 $1,650 10
2024
$1,250
-8.0% $1,200 $1,600 3
Median Rent Price
$1,200
per week
Based on 7 recorded rent within the last 12 months
Updated on 29 Mar 2024
Rent Price Growth
-8.3%
Current Median Rent: $1,200
Previous Median Rent: $1,300
Based on 18 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.2%
Current Median Price: $1,950,000
Current Median rent: $1,200
Based on 43 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Feb 2024)

Auction Results For Park Orchards

Houses sold in Last 12 months ends 23 Mar 2024

$2.15M

Median Sale Price

75%

Clearance Rate

12/16

Sold/Reported

$2.73M

Highest Sale Price

Sold Price Range No. of Sold Properties
$2 M - $3 M
(Median Price Range)
6
$1.8 M - $2 M 1
$1.6 M - $1.8 M 4
$1 M - $1.2 M 1

Schools closest to Park Orchards, VIC 3114

School name Address Type Sector Distance
Park Orchards Primary School 1-3 BOWMORE AVENUEPark Orchards 3114 Primary Government 0.23 km
St Anne's Primary School 60 KNEES RDPark Orchards 3114 Primary Catholic 0.67 km
Ringwood North Primary School 172 OBAN ROADRingwood North 3134 Primary Government 1.86 km
Whitefriars College Inc. 156 PARK RDDonvale 3111 Secondary Catholic 2.02 km
Holy Spirit School 120 OBAN RDRingwood North 3134 Primary Catholic 2.4 km