Suburb Profile Report for Deer Park VIC (3023)

Deer Park House: Median price $462,500, Annual capital growth 8.11%, Number of sales 250, Weekly median advertised rent $340

Deer Park Unit: Median price $358,500, Annual capital growth 6.36%, Number of sales 52, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

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 15.91%.

If we look at median property appreciation over just the last three months, Deer Park has given property investors a paper return of 3.93%. This puts Suburb as 224 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 -3.47%. This puts suburb at number 529th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Deer Park the average time real estate has been on the market is 41.73 days.

Property investors should expect to get $340 weekly from the median priced house in this suburb.

Investment property in Deer Park has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.03%

A 20.00% growth in median value for property investors in Deer Park,3023 puts this suburb at number 82th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -2.88% to buyers in Deer Park at the moment, which is less than average for the rest of VIC.

Deer Park, 3023’s gross rental yield is 4.64%

Metrics i HOUSE UNIT
$462,500 $358,500
3.93% 3.91%
15.91% 12.03%
8.11% 6.36%
$340 $320
250 52
3.82% 4.64%
41.73 82.63

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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Recent sales & rentals