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City of Kingston
Parkdale

Parkdale Property Market
& Suburb Profile

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MEDIAN PRICES IN PARKDALE

Median house price

(all agencies, last 12 months)$1.5m*

House price change

(all agencies, last 12 months)+4.86%

Median unit price

(all agencies, last 12 months)$816k*

Unit price change

(all agencies, last 12 months)+0.99%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

PARKDALE PRICE TRACKER

HousesUnits

PARKDALE SALES OVERVIEW

  • Sold by Auction 69%
  • Sold by Private Sale or Other Method 31%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)26

Average days on market (units)

(all agencies, 12 months)27

Auction clearance rate in Parkdale

(all agencies, last 12 months)69%

Average held period in Parkdale

(proptrack)13 years

PARKDALE INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$856pw

House rental price change

(all agencies, last 12 months)0.04%

Median rental price for Units

(all agencies, last 12 months)$586pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)2.92%

Average rental yield for Units

(all agencies, last 12 months)3.68%

Parkdale total population size

(as at the last census)12,308

Median household size in Parkdale

(as at the last census)2.5

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

PARKDALE PROPERTY TYPES

  • Houses 35%
  • Units 32%
  • Other 33%

OCCUPANCY IN PARKDALE

  • Owned 76%
  • Rented 22%
  • Other/Not Stated 2%
  • Singles 27%
  • Families 71%
  • Other 2%

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ABOUT PARKDALE

Parkdale is a picturesque bayside suburb located approximately 23 kilometres southeast of the Melbourne CBD, widely considered a "hidden gem" of the south-east. It offers a relaxed, family-oriented lifestyle that successfully balances a holiday-like beach atmosphere with high-end suburban infrastructure.

Parkdale is defined by its pristine shoreline, leafy residential streets, and a strong sense of community that makes it a popular alternative to its busier neighbours, Mentone and Mordialloc.

The lifestyle in Parkdale is anchored by its vibrant local village along Como Parade West, which serves as the social heart of the community. This strip is home to an eclectic mix of boutique stores, independent cafes, and specialty grocers that foster a village-style feel. Outdoor recreation is a major drawcard; residents enjoy immediate access to the Parkdale Beach and the scenic Bay Trail for walking and cycling. The George Woods Reserve, located near the foreshore, provides a sprawling green space for picnics and leisure activities, while the suburb's many sporting clubs - including cricket, football, and yachting -play a vital role in local social life.

A significant recent transformation for the suburb has been the completion of the Level Crossing Removal Project, which saw the removal of the dangerous level crossings at Parkers Road and Warrigal Road. This project delivered a brand-new, elevated Parkdale Station precinct featuring modern facilities and improved connections between the east and west sides of the rail line. The redevelopment also introduced new community open spaces under the rail bridge, including landscaped gardens, walking paths, and upgraded recreational facilities that have revitalised the central activity centre.

Education is a primary driver for families moving to the area. Parkdale is home to several well-regarded institutions, including Parkdale Primary School and Parktone Primary School. The suburb is also the location of Parkdale Secondary College, which is highly sought after for its academic and wellbeing programs. Additionally, residents are well-positioned to access elite private schools in neighbouring Mentone, such as Mentone Grammar and Mentone Girls' Grammar, providing a high density of quality educational choices within a small radius.

From a property perspective, Parkdale is an established and resilient market with a very high rate of owner-occupation. The housing stock is a prestigious blend of character-filled period homes, mid-century weatherboards, and an increasing number of contemporary architectural residences and high-end townhouses.

Due to its combination of direct beach access, a newly modernised transport hub, and elite schooling options, the suburb maintains a reputation for long-term stability and consistent demand, making it one of the most reliable residential enclaves along the Port Phillip Bay coastline.

Education

Parkdale Primary School
Parktone Primary School
St John Vianney's School
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SALES COMPARISON

Find out how Parkdale median sales prices compare to neighbouring suburbs.

PARKDALE MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025250$1,178,7504.85%248$721pw3.30%
2024236$1,137,5008.36%253$696pw3.40%
2023202$1,080,000-13.05%302$664pw3.19%
2022222$1,152,5003.67%293$602pw2.96%
2021339$1,165,62524.69%306$562pw2.59%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025250$1,178,750+4.85%
2024236$1,137,500+8.36%
2023202$1,080,000-13.05%
2022222$1,152,500+3.67%
2021339$1,165,625+24.69%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025248$721pw3.30%
2024253$696pw3.40%
2023302$664pw3.19%
2022293$602pw2.96%
2021306$562pw2.59%

PROUDLY SERVICING Parkdale

Barry Plant
Mordialloc

Barry Plant
Mentone - Cheltenham

BROWSE MORE SUBURBS

Mentone

Mordialloc

Cheltenham

NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.