We've lived in Parkdale for 9 years. Our address is actually Mordialloc but we are right on the border so our kids go to school in Parkdale, most of our friends live there and we shop there. It is a fantastic suburb for families with an incredible number of facilities, great primary and secondary schools, community centre, swimming pool, beaches etc etc etc.
It is getting very pricey though. Nowadays you don't get much change out of $1 million for a family home.
BB