Suburb Profile Report for Doreen VIC (3754)

Doreen House: Median price $460,000, Annual capital growth 3.19%, Number of sales 413, Weekly median advertised rent $355

Doreen Unit: Median price $354,000, Annual capital growth N/A, Number of sales 16, Weekly median advertised rent $313

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 5.24% for the last year, Doreen, 3754 is the 1966th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Doreen has fallen somewhat when compared to the 5 year average annual rate.

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 Doreen, 3754. Typically our figures indicate that -6.29% is being offered, which puts this VIC suburb at 1633th most discounted overall in Australia.

On average over the past year, suburb has had 34.42 sales per month, which equates to 413 per year.

A $355 per week rent on the median house gives suburb investors a gross yield of circa 4.01%, without taking into account capital value appreciation, which has been averaging out at 3.19%.

While Doreen,3754 ranked number 55th in VIC for increase in median house value (annualised) increase, it is ranked 335th over the last 5 years.

The VIC suburb of Doreen, 3754 is in the Nillumbik local government area.

HOUSE UNIT
$460,000 $354,000
0.44% 4.12%
5.24% N/A
3.19% N/A
$355 $313
413 16
4.01% 4.59%
66.45 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Doreen VIC
Demographics
Total population 11276
Median household income ($/weekly) 1793
Median age of persons 30
Median housing loan repayment ($/monthly) 2167
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 1327 11.8
    5-14 years 2017 17.9
    25-34 years 2346 20.8
    35-44 years 2170 19.2
    45-54 years 1085 9.6
    Others 2332 20.7
    Age Group
    Census Count Percent(%)
    Registered Married 4589 61.0
    Not Married 1991 26.5
    Defacto Relationship 939 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 9625 87.9
    Japan 74 0.7
    Papua New Guinea 98 0.9
    United Kingdom 461 4.2
    Other 204 1.9
    Others 486 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 70 0.7
    Christianity 7171 68.4
    Hinduism 38 0.4
    Islam 61 0.6
    No Religion 3105 29.6
    Others 33 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 304 9.5
    $1,250-$1,499 311 9.7
    $1,500-$1,999 668 20.8
    $2,000-$2,499 558 17.4
    $2,500-$2,999 375 11.7
    Others 992 30.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4076 52.7
    Employed, worked part-time 1580 20.4
    Not in the labour force 1554 20.1
    Employed, away from work 364 4.7
    Unemployed, looking for work 165 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 790 13.1
    Professionals 1092 18.1
    Technicians & trades workers 1174 19.5
    Clerical & administrative workers 1058 17.6
    Sales 609 10.1
    Others 1298 21.6
    Occupation
    Census Count Percent(%)
    Pre-school 377 12.4
    Infants/Primary 1382 45.5
    Secondary 711 23.4
    Technical or Further Educational Institution 191 6.3
    University or other Tertiary Institutions 282 9.3
    Others 96 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10860 99.8
    Semi-detached, row or terrace house, townhouse 12 0.1
    Flat, unit or apartment 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2536 72.4
    Fully owned 517 14.8
    Rented 438 12.5
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals