Market snapshot
Suburb insights for Parkville3052
Change suburbParkville, approximately 3 km northwest of Melbourne's CBD, is a prestigious inner-city suburb located best known for its expansive parklands, historic terrace homes, and the University of Melbourne. It is also home to the Royal Melbourne Hospital, the Royal Children’s Hospital, and the BioMelbourne Network, forming part of Melbourne’s renowned biomedical precinct. With tree-lined streets, heritage buildings, and vast green spaces like Royal Park and the Melbourne Zoo, Parkville attracts academics, medical professionals, and families seeking a refined and intellectual environment.
Recent sales and auction results in Parkville
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 7/104 The Avenue , Parkville | 2 |  | Unit | Passed in Vendor Bid | 12/12/2025 | Nelson Alexander | View |
| 14 Ievers St, Parkville | 3 |  | Townhouse | Sold Before Auction | 8/12/2025 | Jellis Craig | View |
| 33A/196 The Avenue , Parkville | 1 |  | Apartment | Private Sale | 14/11/2025 | Nelson Alexander | View |
Sales data
Median sale price
$1.7mil
Annual price change
-2.5%
Metro Melbourne Comparison
$955k
0.8%
| Bedrooms | Parkville | Metro comparison |
|---|---|---|
| 2 | - | $910,000 |
| 3 | - | $830,000 |
| 4 | - | $951,500 |
| Insight | Parkville | Metro comparison |
|---|---|---|
| Clearance rate | 81.4% | |
| Days on market | 48 | 36 |
Rental data
Median weekly rent
$950
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Parkville | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $1,038 | $550 |
| 4 | - | $600 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.