Parkdale
A $1,510,000 median house price and household incomes in the 81.3 percentile place Parkdale well above the national middle, but it remains low rise: 54.7% separate houses and 35.1% semi detached homes. Compared with nearby Mentone and Mordialloc, Parkdale reads as more residential and owner weighted, with 38.5% owned outright and only 22.6% renting. The population of 12,308 is older than national by 3.0 years, supporting a settled, premium bay side pattern.
Population
12,308
Median Age
43.0
Household IncomeiMedian weekly household income (ABS Census)
$2,130/wk
DAs (12 months)iDevelopment Applications lodged in the past year
59
Median House
$1.5M
Apr-Jun 2024
Homebuyers face a high entry point, with the median house price at $1,510,000 in Apr-Jun 2024, but values are 5.2% below the 2022 peak. The suburb suits buyers wanting established homes because 54.7% of dwellings are separate houses and 41.2% have 3 bedrooms, while 29.1% have 4 or more. Mortgage payments absorb 25.7% of income, below stress levels, helped by household incomes in the 81.3 percentile.
For Buyers
Homebuyers face a high entry point, with the median house price at $1,510,000 in Apr-Jun 2024, but values are 5.2% below the 2022 peak. The suburb suits buyers wanting established homes because 54.7% of dwellings are separate houses and 41.2% have 3 bedrooms, while 29.1% have 4 or more. Mortgage payments absorb 25.7% of income, below stress levels, helped by household incomes in the 81.3 percentile.
For Investors
Investor appeal is more about scarcity and owner occupier depth than high rental turnover. Renting is 22.6%, lower than the 38.5% owned outright share and 38.9% mortgage share, so rental stock is relatively limited. The median rent is $410 a week, while the 6.5% vacancy rate is higher than a tight leasing market. Demand is supported by overseas migration averaging +343 people a year vs internal migration at -118, with 18 development applications in 12 months.
Development Activity
Total DAs
73
Last 12 Months
59
YoY ChangeiYear-over-year change in DA lodgements
+742.9%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Parkdale iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Parkdale Primary School
Prep-6 · 631 students
Parktone Primary School
Prep-6 · 411 students
St John Vianney's School
Prep-6 · 164 students
Demographics
Parkdale skews older and more educated than the national benchmark, with a median age of 43, which is 3.0 years above national, and 45.6% university attainment, 15.5 percentage points above national. Overseas born residents are 22.2%, only 0.6 points above national, so the ancestry base remains strongly Anglo-European: English 4,871, Irish 1,825, Scottish 1,427 and Italian 717. Smaller language groups include Greek 138 and Mandarin 82.
Age Distribution
Bedrooms
Dwelling Structure
54.7%
Houses
35.1%
Townhouse
9.8%
Apartment
Tenure
Parkdale's housing market has nearly doubled over the long run, rising from a $760,000 median in 2013 to $1,510,000 in Apr-Jun 2024, a 98.7% gain and 5.0% annual growth over 14 years. It is still 5.2% below the 2022 peak of $1,592,500, giving buyers a better entry than the top of the cycle. Ownership is deep, with 38.5% owned outright and 38.9% mortgaged, because family scale stock dominates: 41.2% are 3 bedroom homes and 29.1% have 4 plus bedrooms.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,366
Rent / wk
$410
HH Size
2.5
Personal Income / wk
$974
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
6.5%
Unoccupied
330
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
19.2%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
25.7%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
23.7%
Couples, no children
10,139
Total families
Economy & Employment
Parkdale's economy is white collar and service led, with Healthcare at 16.1% of local workers, Education 14.1%, Professional/Tech 11.9%, Construction 10.8% and Public Admin 7.0%. Professionals number 1,970 and Managers 1,178, which helps explain the strong household income percentile of 81.3. Labour conditions are solid, with 62.9% full time employment, 64.2% participation and 4.2% unemployment. SEIFA ranks are high: IEO decile 8, IER decile 8, IRSD decile 9 and IRSAD decile 9.
Unemployment
4.4%
Labour Force
13,290
Unemployed
581
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
62.9%
Part-time
32.9%
Participation
64.2%
Employed
6,222
Occupations
Top Industries
University
45.6%
Postgraduate
12.0%
Born Overseas
22.2%
Dwellings
4,742
Transport to Work
Livability is anchored by schools, car access and low disadvantage. There are 3 local primary schools across Government and Catholic sectors, with ICSEA scores from 1,099 to 1,133; Parkdale Primary leads at 1,133 with 631 students, followed by Parktone Primary at 1,101 with 411. Daily travel is car based because 85.4% drive, compared with 4.1% using public transport and 5.0% walking or cycling. Crime is 44.6 per 1,000 residents, and IRSAD decile 9 sits above the state middle.
Drive
85.4%
Public Transport
4.1%
Walk / Cycle
5.0%
Work from Home
N/A
Population Forecast
+0.93%/yr
(+208 people/yr)
EstablishedParkdale's growth outlook is measured rather than rapid. The annual trend is 0.93%, equal to about 208 people a year, with the medium path rising from 22,676 in 2026 to 23,713 in 2031. Compared with the -118 average annual internal migration result, overseas migration at +343 a year is the clear primary driver. The gentrification score is 15 and the stage is Not gentrifying, while the shift trajectory is Mixed, with rent growth of 33.3% and senior share up 2.2 points.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+343
Net Internal / yr
-118
Gentrification Signal
Not gentrifying
Population +15% since 2011, Net internal outflow -118/yr, Strong overseas inflow +343/yr
Safety & Crime
Total Offences
549
Year ending June 2024
Rate per 1,000 People
44.6
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Parkdale compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Parkdale a good suburb to live in?
Yes, Parkdale suits households seeking a premium, established bayside setting. It has a $1,510,000 median house price, 3 local primary schools and IRSAD decile 9, which is above the state middle for advantage.
What is the median house price in Parkdale?
The median house price in Parkdale is $1,510,000 for Apr-Jun 2024. That is 5.2% below the 2022 peak of $1,592,500 but 98.7% higher than the 2013 median of $760,000.
What schools are in Parkdale?
Parkdale has 3 local primary schools: Parkdale Primary School, Parktone Primary School and St John Vianney's School. ICSEA scores range from 1,099 to 1,133, with Government and Catholic options.
Is Parkdale safe?
Parkdale recorded 549 offences, equal to 44.6 per 1,000 residents. Property and deception offences were the largest category at 356, followed by 100 crimes against the person.
Is Parkdale good for property investment?
Parkdale is stronger for long term capital quality than high rental yield. The suburb has 22.6% renting, a $410 median weekly rent and a 6.5% vacancy rate, with 18 development applications in 12 months.
How is Parkdale's population changing?
Parkdale is growing gradually, with a forecast annual trend of 0.93% or about 208 people a year. Overseas migration averages +343 people annually, compared with internal migration of -118.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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