Suburb Profile Report for Diamond Creek VIC (3089)

Diamond Creek House: Median price $768,750, Annual capital growth 6.21%, Number of sales 130, Weekly median advertised rent $495

Diamond Creek Unit: Median price $595,600, Annual capital growth 6.33%, Number of sales 18, Weekly median advertised rent $405

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

Diamond Creek, 3089 ranked 409th in VIC when comparing growth in median property values or capital gain over the last 12 months. Diamond Creek is one of 2099 in our list for VIC

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

LACK OF BUYER INTEREST may well be the reason that Diamond Creek is offering property investors an average of -6.20. This rate of discount on properties puts Suburb at number 313th in terms of most discounted suburbs in VIC

Diamond Creek, 3089’s gross rental yield is 3.35%

Property value increases in Diamond Creek have tracked just lower than the VIC average of 3.42% over the last 12 months.

Diamond Creek,3089 was ranked 966 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Diamond Creek itself are offering an average vendor discount of -1.83% to real estate investors.

Often selling an investment property can take time, and in Diamond Creek the average time real estate has been on the market is 73.33 days.

Advertised rents are around the $405 mark per week – giving a return of 3.54% based on the median price in Suburb

Metrics i HOUSE UNIT
$768,750 $595,600
-5.23% -0.82%
3.19% -0.38%
6.21% 6.33%
$495 $405
130 18
3.35% 3.54%
36.47 73.33

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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
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