Suburb Profile Report for Dingley Village VIC (3172)

Dingley Village House: Median price $855,000, Annual capital growth 8.71%, Number of sales 119, Weekly median advertised rent $473

Dingley Village Unit: Median price $575,500, Annual capital growth 8.17%, Number of sales 27, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Dingley Village have tracked just higher than the VIC average of 10.43% over the last 12 months.

While Dingley Village,3172 ranked number 372th in VIC for increase in median house value (annualised) increase, it is ranked 103th over the last 5 years.

Property buyers and investors in Dingley Village 3172 should be seeing an average reduction in asking price of around -4.57% . This means that Dingley Village is holding prices well when compared to other suburbs in VIC.

A $472.5 per week rent on the median house gives suburb investors a gross yield of circa 2.87%, without taking into account capital value appreciation, which has been averaging out at 8.71%.

Dingley Village, 3172 ranked 99th in VIC when comparing growth in median property values or capital gain over the last 12 months. Dingley Village is one of 2098 in our list for VIC

While Dingley Village,3172 ranked number 70th in VIC for increase in median house value (annualised) increase, it is ranked 30th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Dingley Village is offering property investors an average of -4.87. This rate of discount on properties puts Suburb at number 133th in terms of most discounted suburbs in VIC

In the last year 27 properties changed hands in Dingley Village, which puts it as the 268th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $400 mark per week – giving a return of 3.61% based on the median price in Suburb

Metrics i HOUSE UNIT
$855,000 $575,500
2.40% 4.64%
16.33% 10.67%
8.71% 8.17%
$473 $400
119 27
2.87% 3.61%
40.46 122.83

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Dingley Village VIC
Demographics
Total population 10186
Median household income ($/weekly) 1375
Median age of persons 42
Median housing loan repayment ($/monthly) 1825
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1244 12.2
    35-44 years 1396 13.7
    45-54 years 1568 15.4
    55-64 years 1433 14.1
    65-74 years 957 9.4
    Others 3587 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 4526 57.1
    Not Married 2995 37.8
    Defacto Relationship 406 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 7595 76.5
    Indonesia 165 1.7
    Papua New Guinea 132 1.3
    United Kingdom 620 6.2
    Other 288 2.9
    Others 1125 11.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 225 2.3
    Christianity 7091 74.0
    Hinduism 94 1.0
    Islam 132 1.4
    No Religion 1946 20.3
    Others 94 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 324 9.8
    $600-$799 322 9.8
    $1,500-$1,999 426 12.9
    $2,000-$2,499 376 11.4
    $2,500-$2,999 311 9.4
    Others 1534 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3263 40.0
    Not in the labour force 2671 32.7
    Employed, worked part-time 1743 21.4
    Employed, away from work 299 3.7
    Unemployed, looking for work 183 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 729 13.7
    Professionals 1012 19.1
    Technicians & trades workers 800 15.1
    Clerical & administrative workers 956 18.0
    Sales 633 11.9
    Others 1173 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 166 6.9
    Infants/Primary 809 33.8
    Secondary 764 31.9
    Technical or Further Educational Institution 198 8.3
    University or other Tertiary Institutions 386 16.1
    Others 70 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8949 91.0
    Semi-detached, row or terrace house, townhouse 476 4.8
    Flat, unit or apartment 339 3.4
    Caravan, cabin, houseboat 63 0.6
    House or flat attached to a shop, office 7 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1720 47.6
    Being purchased 1474 40.8
    Rented 393 10.9
    Other tenure type 28 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals