Property investors who have had real estate in Doncaster East, 3109 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -9.63%
Over the longer term, Doncaster East has seen property prices show investors a 13.79% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Doncaster East is giving property investors an average Vendor Discount of around -10.33%. This puts suburb at number 59th in VIC when ranking the most discounted suburbs.
At number 2377 in a list of fastest selling suburbs, Doncaster East is just in the bottom half of suburbs in Australia with an average of days on market 76.7 for properties listed there.
Renters in Suburb are facing rents around $28600 per annum or $550 every week.
If you compare the increase in value of investment property in Doncaster East, 3109 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.48%.
Across a shorter period, Doncaster East, 3109 has seen a median price increase of 1.30% over the last quarter.
The most recent median price for Doncaster East is $623000, with sellers offering an average of -7.30% off the asking price.
In the last year 161 properties changed hands in Doncaster East, which puts it as the 29th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 3.57%, investors should hope to achieve an overall return of 3.84%
Doncaster East is a great suburb, perfect for people of all ages. Offering excellent schools, parks, shopping, easy access to the CBD plus a very quiet and safe place to live. Full summary
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Doncaster East is a great suburb, perfect for people of all ages. Offering excellent schools, parks, shopping, easy access to the CBD plus a very quiet and safe place to live.
Close to schools, local shopping, Westfield Doncaster, family friendly.
Most sought-after properties:
Family homes in East Doncaster school zone or Doncaster Gardens Primary.
Most common properties:
1960’s/1970’s 3 bedroom, L shape lounge/dining.
East Doncaster Secondary College, Doncaster Gardens, Ruffey Lake Park.
Local industry and business:
Devon Plaza, The Pines, Jackson Court and Donburn shopping centres.
60km zone on Blackburn Road.
Deep Creek Drive, Milgate Estate.
Buses to city and train station.
Doncaster Road, Blackburn Road, Eastern Freeway, King Street, Georges Road.