Moreland · 3052
Parkville, VIC
population +7.8% (5y), 3.6% gross yield.
NextSuburb scoreTier C
49Average
Median house
$568k
5y growth
1.7%/yr
Gross yield
3.6%
Vacancy
2.4%
Stable entry · room to scaleMedium confidence
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)1.7%/yr17/100
- Population growth+7.8% (5y)78/100
- Supply tightening+5.0% YoY25/100
- Rental yield3.6%73/100
- Rental demand2.4% vacancy40/100
- Income growth+13.0% (5y)52/100
- Construction pipeline$3.0bn nearby60/100
- Affordability62% under cap62/100
Why this score
Parkville scores 49/100 (Average). The two strongest signals: 7.8% population growth over five years and 3.6% gross rental yield. The standout watch-out: 5-year growth of 1.7%/yr trails the national pace.
Drivers
- Population growth+7.8% (5y)
- Rental yield3.6%
- Budget headroom62% under cap
Risks
- Modest 5y growth (1.7%/yr)
Nearest infrastructure
Metro Tunnel — Parkville Station0.9 km away
Recently completed · $13.5bn · completion 2025
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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