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Parkville

VIC 3052
Parkville is a vibrant inner-city suburb located just 3 km north of Melbourne's Central Business District. With a population of 7,074 recorded in the 2021 census, Parkville is a well-established residential area known for its Victorian-era buildings, terrace houses, and tree-lined streets. The suburb encompasses Royal Park, an expansive parkland which is home to the Royal Melbourne Zoological Gardens and was the athlete's village for the 2006 Commonwealth Games. Parkville is a major education, research, and healthcare precinct, making it an ideal location for families and professionals. It is home to prestigious institutions such as the University of Melbourne, Monash University Pharmacy faculty, Royal Melbourne Hospital, Royal Women's Hospital, Royal Children's Hospital, the Victorian Comprehensive Cancer Centre, and CSL. Transport options in Parkville are abundant, with bus routes servicing the area and easy access to trams and trains. The main arterial road in Parkville is Elizabeth Street, which connects to Royal Parade and Sydney Road. With its proximity to the city center, parklands, and a range of educational and medical institutions, Parkville offers a desirable lifestyle for residents.
AREA
3.9981 km2
POPULATION
7,074
OWNER OCCUPIED %
32%
LARGEST AGE GROUP
20-30
MEDIAN MONTHLY MORTGAGE
$2,000
MEDIAN WEEKLY RENT
$550

Parkville Market Trends & Statistics

Recent Median Prices
Previous quarter
Houses
-17.62%
$1,730,000
Units
23.96%
$608,000
Housing Stock Breakdown
Suburb market composition
4,735
Properties
33.81% Houses (1,601)
66.19% Units (3,134)

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