It is located across two campuses in the northern suburbs of Melbourne, Victoria, Australia; one at Bundoora; the other, 8 km (5.0 mi) away, at Preston.

They had taught for two years in a small school behind St Francis’ Church in Lonsdale Street before moving into the bluestone building in Victoria Parade.

About one hundred boys enrolled on the first day and this number grew steadily over the years until it became necessary in 1953 to move the junior classes to a site newly acquired by the Old Paradians Association at Alphington.

In July 2021, Parade College announced a partnership with English Premier League side Manchester City F.C.

The school will admit female students for the first time from 2025 for its Tertiary Pathways Program, which provides direct entry into a range of undergraduate courses at La Trobe University without an ATAR.