If you compare the increase in value of investment property in Deer Park, 3023 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.40%.
If we look at median property appreciation over just the last three months, Deer Park has given property investors a paper return of 3.57%. This puts Suburb as 197 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Deer Park is giving property investors an average Vendor Discount of around -4.21%. This puts suburb at number 473th in VIC when ranking the most discounted suburbs.
At number 426 in a list of fastest selling suburbs, Deer Park is in the TOP 20% of suburbs in Australia with an average of days on market 48.48 for properties listed there.
The VIC suburb of Deer Park, 3023 is in the Brimbank local government area.
Giving property investors a a solid capital gain of 11.47% for the last year, Deer Park, 3023 is the 318th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Deer Park has increased when compared to the 5 year average annual rate.
At number 214th of VIC’s most discounted properties, Deer Park is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $3720 per annum or $310 every week.