Suburb Profile Report for Diamond Creek VIC (3089)

Diamond Creek House: Median price $774,000, Annual capital growth 6.86%, Number of sales 145, Weekly median advertised rent $470

Diamond Creek Unit: Median price $601,500, Annual capital growth 5.92%, Number of sales 16, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Diamond Creek, 3089 have given investors a capital gain of 12.99%. This compares averagely with the 11.11% for VIC as a whole.

Across a shorter period, Diamond Creek, 3089 has seen a median price increase of 3.20% over the last quarter.

Vendor discounting in Diamond Creek is giving property investors an average Vendor Discount of around -3.64%. This puts suburb at number 499th in VIC when ranking the most discounted suburbs.

In the last year 145 properties changed hands in Diamond Creek, which puts it as the 168th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $5640 per annum or $470 every week.

Diamond Creek, 3089 ranked 74th in VIC when comparing growth in median property values or capital gain over the last 12 months. Diamond Creek is one of 2098 in our list for VIC

A 31.03% growth in median value for property investors in Diamond Creek,3089 puts this suburb at number 166th in terms of best performing suburbs in VIC

A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.20%, without taking into account capital value appreciation, which has been averaging out at 5.92%.

Metrics i HOUSE UNIT
$774,000 $601,500
3.20% 1.86%
12.99% 17.76%
6.86% 5.92%
$470 $370
145 16
3.16% 3.20%
47.82 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 11504
Median household income ($/weekly) 1861
Median age of persons 36
Median housing loan repayment ($/monthly) 1950
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1762 15.3
    25-34 years 1191 10.4
    35-44 years 1788 15.5
    45-54 years 1985 17.3
    55-64 years 1292 11.2
    Others 3485 30.3
    Age Group
    Census Count Percent(%)
    Registered Married 4691 55.1
    Not Married 3193 37.5
    Defacto Relationship 624 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 9661 86.4
    Japan 120 1.1
    Papua New Guinea 104 0.9
    United Kingdom 578 5.2
    Other 196 1.8
    Others 527 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 81 0.8
    Christianity 7307 68.5
    Islam 55 0.5
    Other Religious Groups 32 0.3
    No Religion 3183 29.8
    Others 16 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 246 7.6
    $1,500-$1,999 500 15.5
    $2,000-$2,499 471 14.6
    $2,500-$2,999 416 12.9
    $3,000-$3,499 281 8.7
    Others 1304 40.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3937 44.7
    Employed, worked part-time 2170 24.6
    Not in the labour force 2146 24.4
    Employed, away from work 323 3.7
    Unemployed, looking for work 229 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 866 13.5
    Professionals 1297 20.2
    Technicians & trades workers 1075 16.7
    Community & personal service workers 699 10.9
    Clerical & administrative workers 1086 16.9
    Others 1409 21.9
    Occupation
    Census Count Percent(%)
    Pre-school 239 7.2
    Infants/Primary 1132 34.3
    Secondary 1059 32.0
    Technical or Further Educational Institution 275 8.3
    University or other Tertiary Institutions 500 15.1
    Others 100 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10650 96.6
    Semi-detached, row or terrace house, townhouse 200 1.8
    Flat, unit or apartment 180 1.6
    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 2029 56.8
    Fully owned 1164 32.6
    Rented 363 10.2
    Other tenure type 18 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals