Suburb Profile Report for Dingley Village VIC (3172)

Dingley Village House: Median price $850,250, Annual capital growth 8.79%, Number of sales 117, Weekly median advertised rent $480

Dingley Village Unit: Median price $545,000, Annual capital growth 7.02%, Number of sales 29, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

Dingley Village has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 20.26% to date .

If we look at median property appreciation over just the last three months, Dingley Village has given property investors a paper return of 8.87%. This puts Suburb as 32 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Dingley Village is giving property investors an average Vendor Discount of around -4.57%. This puts suburb at number 412th in VIC when ranking the most discounted suburbs.

Residents and property investors in Dingley Village have been waiting around 52.4 days to sell a property.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 2.94%, without taking into account capital value appreciation, which has been averaging out at 8.79%.

At number 546th in the list of Australian suburbs ordered by increase in median house value over the last year, Dingley Village, 3172 is in the top 40% with a property value increase of 7.28% 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 -0.91%. This puts Suburb as 276 on a list of fastest fasting appreciating suburbs in VIC

Dingley Village3172 is located in VIC which offers an average discount of -5.03% to property investors. Dingley Village itself is showing figures that indicate -4.10% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Dingley Village the average time real estate has been on the market is 96.66 days.

Renters in Suburb are facing rents around $4920 per annum or $410 every week.

Metrics i HOUSE UNIT
$850,250 $545,000
8.87% -0.91%
20.26% 7.28%
8.79% 7.02%
$480 $410
117 29
2.94% 3.91%
52.4 96.66

Source: CoreLogic

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