Suburb Profile Report for Deer Park VIC (3023)

Deer Park House: Median price $455,000, Annual capital growth 7.97%, Number of sales 257, Weekly median advertised rent $340

Deer Park Unit: Median price $356,250, Annual capital growth 6.58%, Number of sales 53, Weekly median advertised rent $310

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Deer Park have tracked higher than the VIC average of 8.96% over the last 12 months.

Comparing Deer Park,3023 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Deer Park, 3023 is offering VIC ‘s 493th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

In the last year 257 properties changed hands in Deer Park, which puts it as the 83th most active market in VIC when comparing the number of sales per suburb.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 3.89%, without taking into account capital value appreciation, which has been averaging out at 7.97%.

Property investors who have had real estate in Deer Park, 3023 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.48%

A 18.75% growth in median value for property investors in Deer Park,3023 puts this suburb at number 92th in terms of best performing suburbs in VIC

At number 277th of VIC’s most discounted properties, Deer Park is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Deer Park have been waiting around 77.25 days to sell a property.

Deer Park, 3023’s gross rental yield is 4.52%

Metrics i HOUSE UNIT
$455,000 $356,250
3.06% 3.26%
15.19% 15.48%
7.97% 6.58%
$340 $310
257 53
3.89% 4.52%
42.68 77.25

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 16204
Median household income ($/weekly) 1096
Median age of persons 33
Median housing loan repayment ($/monthly) 1670
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1939 12.0
    25-34 years 3106 19.2
    35-44 years 2336 14.4
    45-54 years 1854 11.4
    55-64 years 1859 11.5
    Others 5110 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 5660 47.4
    Not Married 5425 45.4
    Defacto Relationship 865 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 7411 50.2
    Indonesia 563 3.8
    Philippines 739 5.0
    Viet Nam 1089 7.4
    Other 1600 10.8
    Others 3363 22.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 1478 10.2
    Christianity 9215 63.6
    Hinduism 317 2.2
    Islam 1055 7.3
    No Religion 2137 14.7
    Others 296 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 518 11.0
    $600-$799 500 10.6
    $800-$999 500 10.6
    $1,000-$1,249 509 10.8
    $1,500-$1,999 625 13.2
    Others 2071 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4581 38.5
    Employed, worked full-time 4367 36.7
    Employed, worked part-time 1807 15.2
    Unemployed, looking for work 668 5.6
    Employed, away from work 467 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 837 12.6
    Technicians & trades workers 967 14.6
    Clerical & administrative workers 962 14.5
    Machinery operators & drivers 966 14.5
    Labourers 919 13.8
    Others 1991 30.0
    Occupation
    Census Count Percent(%)
    Pre-school 219 6.7
    Infants/Primary 1089 33.1
    Secondary 892 27.1
    Technical or Further Educational Institution 328 10.0
    University or other Tertiary Institutions 546 16.6
    Others 217 6.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13966 91.7
    Flat, unit or apartment 746 4.9
    Semi-detached, row or terrace house, townhouse 512 3.4
    Caravan, cabin, houseboat 3 0.0
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1936 37.6
    Fully owned 1659 32.2
    Rented 1535 29.8
    Other tenure type 20 0.4
    Tenure Type
Census 2011, ABS
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