Selling points: Doveton spans approximately four square kilometres. It has 12 parks, covering nearly 14% of its area. Being an older established area, purchasers have large land opportunity, with potential multi-unit development (STCA). The current market trend for occupancy within Doveton is at 31% rental, 29% owned outright, 33% purchasers and 7% other. Currently the median sales price of houses in the area is $285,000, which is a great entry for first home buyers and investors.
Most sought after properties: Three-bed homes with a single bathroom and vehicle accommodation. Homes under $300,000 are generally picked up quite quickly, with $300,000 - $400,000 properties averaging 75 days on the market.
Most common properties: Solid concrete three-bedroom, one-bathroom homes, which were previously a part of the government’s housing commission association.
Top amenities: Doveton is located between the Monash Freeway and Princes Highway and offers a range of local amenities within two to three minutes, such as schools, banks, public transport and shopping centres; making it ideal for investors wanting to secure as property with great future potential and immediate rental.
Local industry and business: Most residents are either commuters to the city, or work at south-east expanding shopping centres such as Westfield Fountain Gate, Dandenong Plaza and Endeavour Hills Shopping Centre. Doveton borders onto an industrial portion located in Hallam (2.4kms away), which offers plenty of factory positions along with a new Masters’ building products store, which will offer an additional 1400 jobs when it opens soon.
Recent changes: In January of 2012 the city of Casey implemented the Doveton & Eumemmerring Community Plan. Such plans are designed to provide guidance to Local Government with respect to physical and social needs of those living and working in an area as well as to those people who have business interests in the area.
Best streets: Purchasing close to The Autumn Place and Linden Place shopping strips ensures quick return for investment property purchasers, as tenants prefer quick access to local stores and public transport. When looking to purchase as an owner occupant, there are no good or bad areas of Doveton, as it’s a small suburb and everything is close by. The entire suburb offers great potential for future growth, due to its easy access to main freeways and being so central to many larger surrounding suburbs, minus the price tag. Doveton is a diamond in the rough- it just needs a good polish to see its true worth.
Public transport: Bus routes are very frequent due to the joining of Hallam and Dandenong, via Doveton. Bus stops are located every 50 metres on main roads such as Box Street, Power Road and Kinds Road.
Main arteries: Doveton central is located 3km from the Monash Freeway, taking you direct to the Melbourne CBD or Tullamarine Airport. The nearby Princes Highway takes you to the outer south-east or into the city.