Parkville

Inner Melbourne · VIC

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URBANOS SCORE

Our model

14/100

Our proprietary model — yield, supply pipeline, price growth, infrastructure and CBD proximity for new build investors

↓ Below Melbourne average·more data may improve this score as imports run

KEY METRICS

Gross yield

5.12%

Median rent / wk

$500

1yr price growth

-7.7%

Median unit price

$508k

Distance CBD

3.2km

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Data last updated: June 2026·Sources: CAV rent bonds, Valuer General, ABS Census, Victorian UDP·Stats reflect all properties in the suburb — new builds typically achieve higher yields and prices than the suburb median.

INFRASTRUCTURE & GROWTH DRIVERS

Metro Tunnel: Parkville Metro Tunnel station (completed 2025). Serves Melbourne University, Royal Melbourne and Royal Women's hospitals.

Level crossing removal (complete): Parkville Metro Tunnel station opened 2025; university precinct.

Development Activity Monitor (City of Melbourne): 1 development under construction, 2 approved.

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Active developments

No active developments listed yet for Parkville.