Suburb Profile Report for Donvale VIC (3111)

Donvale House: Median price $1,022,500, Annual capital growth 8.04%, Number of sales 114, Weekly median advertised rent $440

Donvale Unit: Median price $668,750, Annual capital growth 7.46%, Number of sales 48, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Donvale, 3111 should be relatively 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 8.20%

Taking the average capital gain, or increase in median house value, Donvale,3111 has racked up an average of 8.20% over the period. This ranks it number 929th in the whole country for real estate investors looking at median house price increases.

Donvale3111 is located in VIC which offers an average discount of -6.00% to property investors. Donvale itself is showing figures that indicate -6.67% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Donvale being $1022500 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 2.24%

If you compare the increase in value of investment property in Donvale, 3111 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.19%.

Taking the average capital gain, or increase in median house value, Donvale,3111 has racked up an average of -0.19% over the period. This ranks it number 546th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Donvale, 3111. Typically our figures indicate that -4.64% is being offered, which puts this VIC suburb at 894th most discounted overall in Australia.

Situated 19.51km from the CBD, Donvale is one of Manningham localities in the postcode 3111.

YIP MAG Information supplied by:

YIP MAG
July 2015

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Located 19km east of the Melbourne CBD, Donvale is a suburb that’s ideal for families.Full summary Located 19km east of the Melbourne CBD, Donvale is a suburb that’s ideal for families.

In addition to being tranquil and leafy there are also plenty of great amenities.

These include the sought-after schools and shops such as Tunstall Square and the nearby Westfield.

Transport to the city is also very good thanks to the buses and freeway.

The vacancy rate of just 0.75% indicates tight demand for this suburb.

With 12-month growth of -2%, this gives investors the chance to buy towards
the bottom of the market.

Donvale’s median unit price of $537,500 is also much
cheaper than neighbouring suburbs such as Doncaster East ($651,500).

There are contemporary and stylish units available on Mitcham Rd which are close to shops and cafes.

They are also close to buses to the city or Westfield.Close
HOUSE UNIT
$1,022,500 $668,750
2.25% 1.71%
8.20% -0.19%
8.04% 7.46%
$440 $410
114 48
2.24% 3.19%
43.17 54.87

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Donvale VIC
Demographics
Total population 11794
Median household income ($/weekly) 1613
Median age of persons 42
Median housing loan repayment ($/monthly) 2123
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1481 12.6
    35-44 years 1599 13.6
    45-54 years 1734 14.7
    55-64 years 1532 13.0
    65-74 years 1172 9.9
    Others 4276 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 5215 58.9
    Not Married 3222 36.4
    Defacto Relationship 420 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8080 70.7
    Croatia 382 3.3
    Malta 270 2.4
    United Kingdom 462 4.0
    Other 519 4.5
    Others 1720 15.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 314 2.9
    Christianity 7671 70.0
    Islam 162 1.5
    Other Religious Groups 104 0.9
    No Religion 2578 23.5
    Others 130 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 287 8.1
    $800-$999 294 8.3
    $1,500-$1,999 406 11.5
    $2,000-$2,499 349 9.9
    $2,500-$2,999 429 12.1
    Others 1769 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3542 37.7
    Not in the labour force 3305 35.1
    Employed, worked part-time 1990 21.2
    Employed, away from work 326 3.5
    Unemployed, looking for work 241 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1002 17.1
    Professionals 1656 28.3
    Technicians & trades workers 631 10.8
    Clerical & administrative workers 970 16.6
    Sales 656 11.2
    Others 942 16.1
    Occupation
    Census Count Percent(%)
    Pre-school 199 7.0
    Infants/Primary 967 33.8
    Secondary 870 30.4
    Technical or Further Educational Institution 161 5.6
    University or other Tertiary Institutions 581 20.3
    Others 81 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9814 88.9
    Semi-detached, row or terrace house, townhouse 1108 10.0
    Flat, unit or apartment 115 1.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1830 46.7
    Being purchased 1471 37.5
    Rented 570 14.5
    Other tenure type 48 1.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals