Suburb Profile Report for Deer Park VIC (3023)

Deer Park House: Median price $442,000, Annual capital growth 7.55%, Number of sales 264, Weekly median advertised rent $340

Deer Park Unit: Median price $345,000, Annual capital growth 5.60%, Number of sales 50, 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 just higher than the VIC average of 8.12% over the last 12 months.

Deer Park,3023 was ranked 1280 in Australia by increase in median property value over the quarter.

Vendor discounting in Deer Park is giving property investors an average Vendor Discount of around -3.95%. This puts suburb at number 504th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 22.00 sales per month, which equates to 264 per year.

Advertised rents are around the $340 mark per week – giving a return of 4.00% based on the median price in Suburb

At number 280th in the list of Australian suburbs ordered by increase in median house value over the last year, Deer Park, 3023 is in the top 20% with a property value increase of 12.75% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Deer Park comes in at number 155th in VIC.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Deer Park itself are offering an average vendor discount of -3.03% to real estate investors.

Residents and property investors in Deer Park have been waiting around 87.61 days to sell a property.

With the median price for a house in Deer Park being $345000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.67%

HOUSE UNIT
$442,000 $345,000
2.79% 0.73%
12.76% 12.75%
7.55% 5.60%
$340 $310
264 50
4.00% 4.67%
42.82 87.61

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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