Suburb Profile Report for Dingley Village VIC (3172)

Dingley Village House: Median price $779,000, Annual capital growth 8.05%, Number of sales 124, Weekly median advertised rent $480

Dingley Village Unit: Median price $550,000, Annual capital growth 6.93%, Number of sales 36, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Dingley Village 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 12.90%

Taking the average capital gain, or increase in median house value, Dingley Village,3172 has racked up an average of 12.90% over the period. This ranks it number 805th in the whole country for real estate investors looking at median house price increases.

Dingley Village, 3172 is offering VIC ‘s 359th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Using the current median advertised rental of $480 and the average annual increase in value of a median property of 8.05%, investors should hope to achieve an overall return of 3.20%

At number 203th in the list of Australian suburbs ordered by increase in median house value over the last year, Dingley Village, 3172 is in the top 20% with a property value increase of 14.58% recorded in median house prices.

If we look at median property appreciation over just the last three months, Dingley Village has given property investors a paper return of 0.92%. This puts Suburb as 150 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Dingley Village is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 138th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 3.00 sales per month, which equates to 36 per year.

The VIC suburb of Dingley Village, 3172 is in the Kingston local government area.

HOUSE UNIT
$779,000 $550,000
3.87% 0.92%
12.90% 14.58%
8.05% 6.93%
$480 $400
124 36
3.20% 3.78%
55.48 73.43

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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