Thinking about buying in Park Orchards? Now could not be a better time, with 1906 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,587,000 with prices in this suburb ranging from $934,000 to $9,792,000. The aproximate distance to the coast is 21 Km.

Park Orchards Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Park Orchards ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Park Orchards classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Park Orchards requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Houses for sale Park Orchards

	2 WILKINSON WAY, PARK ORCHARDS, VIC, 3114	5	3	3	$2,100,000
	63 WILLIAMS RD, PARK ORCHARDS, VIC, 3114	6	4	4	For Sale $1,950,000 - $2,100,000
	18-20 ALVA AV, PARK ORCHARDS, VIC, 3114	4	3	5	$2,900,000 - $3,190,000
	38-40 GRANARD AV, PARK ORCHARDS, VIC, 3114	4	2	2	$1,850,000 - $1,925,000

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General Points of Interest

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