Suburb Profile Report for Docklands VIC (3008)

Docklands Unit: Median price $590,000, Annual capital growth 0.07%, Number of sales 417, Weekly median advertised rent $600

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • Unit Report

At number 958th in the list of Australian suburbs ordered by increase in median house value over the last year, Docklands, 3008 is in the BOTTOM 40% with a property value increase of -1.99% recorded in median house prices.

Across a shorter period, Docklands, 3008 has seen a median price increase of -3.28% over the last quarter.

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 Docklands, 3008. Typically our figures indicate that -6.53% is being offered, which puts this VIC suburb at 353th most discounted overall in Australia.

In the last year 417 properties changed hands in Docklands, which puts it as the 3rd most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $600 mark per week – giving a return of 5.29% based on the median price in Suburb

Lucas Real Estate Information supplied by:

Lucas Real Estate
Lucas Real Estate

M 03 9091 1400
O 03 9645 1199

E [email protected]

Selling points: The vicinity to Melbourne CBD, picturesque promenades and waterfront vistas, events and attractions, Etihad stadium, Marina berths, restaurants and public transport at your doorstep.  Investors purchase in Docklands as they see potential for capital growth in an expanding suburb that is still growing.

Most sought after properties: A waterfront apartment with 2 bedrooms, 2 bathrooms and 2 car spaces.

Most common properties: Apartments and Town Houses.

Top amenities: The Hub @ Docklands Community Facility, Child care facilities, Medibank Ice House, great shopping at Costco, Harbour Town and Sunday markets, Kangan Institute, Waterfront boat cruises, Beauty Health and fitness facilities, Etihad Stadium, community gardens at Victoria Harbour, a vibrant restaurant/café scene.

Local industry and businesses: Channel 7 Media, Customs House, IT/Finance businesses (eg. NAB,  ANZ, AMP), Etihad Stadium, Retailers, City of Melbourne, Destination Docklands, Docklands Rotary.

Recent changes: Docklands growth comprises of new access roads, public amenities, accessible transport (trams, trains, tourist shuttle, water taxi, car, bike), more than 36 art installations, The Hub Community Centre, Park extensions, child care facilities, strong green initiative.  Over the last 18 months plans for the future of Docklands has been in progress, with projects for Docklands comprising of community swimming pool, library, Jim Stynes pedestrian and cyclist bridge, school site, exhibition venue, an increase in community facilities, water ferries connecting residents and workers into Docklands.

Best streets: Docklands waterfront precinct areas.

Public transport: There are a number of transport options: Trams, Trains, Melbourne City Tourist Shuttle, Water charter boats, Car, bike via major bike routes that all run direct through Docklands.

Main arteries: Docklands take drivers to Footscray Road, Wurundjeri Way, Westgate Freeway, Bolte Bridge, Monash Freeway.

Metrics i HOUSE UNIT
N/A $590,000
N/A -3.28%
N/A -1.99%
N/A 0.07%
N/A $600
N/A 417
N/A 5.29%
N/A 84.0740740740741

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Poor (H), Balanced (U)
Find a mortgage broker in Docklands VIC
Total population 5790
Median household income ($/weekly) 1901
Median age of persons 31
Median housing loan repayment ($/monthly) 2700
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 815 14.1
    25-34 years 2029 35.0
    35-44 years 805 13.9
    45-54 years 729 12.6
    55-64 years 565 9.8
    Others 848 14.6
    Age Group
    Census Count Percent(%)
    Not Married 2100 48.4
    Registered Married 1540 35.5
    Defacto Relationship 699 16.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2104 44.0
    Croatia 471 9.9
    Indonesia 350 7.3
    United Kingdom 274 5.7
    Other 362 7.6
    Others 1219 25.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 354 7.7
    Christianity 2107 45.9
    Hinduism 303 6.6
    Islam 153 3.3
    No Religion 1604 35.0
    Others 67 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 176 7.6
    $1,250-$1,499 180 7.8
    $1,500-$1,999 295 12.7
    $2,500-$2,999 481 20.8
    $4,000 or more 179 7.7
    Others 1007 43.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2619 57.7
    Not in the labour force 990 21.8
    Employed, worked part-time 623 13.7
    Unemployed, looking for work 169 3.7
    Employed, away from work 141 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 725 21.5
    Professionals 1273 37.7
    Community & personal service workers 219 6.5
    Clerical & administrative workers 494 14.6
    Sales 281 8.3
    Others 386 11.4
    Census Count Percent(%)
    Infants/Primary 56 5.6
    Secondary 96 9.6
    Technical or Further Educational Institution 130 13.0
    University or other Tertiary Institutions 621 62.0
    Other type of educational institution 68 6.8
    Others 31 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4570 97.2
    Semi-detached, row or terrace house, townhouse 114 2.4
    Caravan, cabin, houseboat 16 0.3
    Separate house 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1549 62.6
    Being purchased 567 22.9
    Fully owned 349 14.1
    Other tenure type 10 0.4
    Tenure Type
Census 2011, ABS
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