Suburb Profile Report for Donvale VIC (3111)

Donvale House: Median price $1,160,000, Annual capital growth 7.60%, Number of sales 101, Weekly median advertised rent $480

Donvale Unit: Median price $685,000, Annual capital growth 7.16%, Number of sales 40, Weekly median advertised rent $408

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a solid capital gain of 19.59% for the last year, Donvale, 3111 is the 497th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Donvale has given property investors a paper return of 11.00%. This puts Suburb as 28 on a list of fastest fasting appreciating suburbs in VIC

Donvale, 3111 is offering VIC ‘s 176th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

Often selling an investment property can take time, and in Donvale the average time real estate has been on the market is 47.79 days.

Situated 19.63km from the CBD, Donvale is one of Manningham localities in the postcode 3111.

If you compare the increase in value of investment property in Donvale, 3111 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 5.36%.

The five-year average increase in median property values for Donvale,3111 has given property investors a potential capital gain of 37.00% across each of those five years.

The most recent median price for Donvale is $685000, with sellers offering an average of -3.43% off the asking price.

Donvale is 321th on a list of best yielding suburbs for rents in VIC with a 3.09% return

YIP MAG Information supplied by:

YIP MAG
July 2015

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Located 19km east of the Melbourne CBD, Donvale is a suburb that’s ideal for families.Full summary Located 19km east of the Melbourne CBD, Donvale is a suburb that’s ideal for families.

In addition to being tranquil and leafy there are also plenty of great amenities.

These include the sought-after schools and shops such as Tunstall Square and the nearby Westfield.

Transport to the city is also very good thanks to the buses and freeway.

The vacancy rate of just 0.75% indicates tight demand for this suburb.

With 12-month growth of -2%, this gives investors the chance to buy towards
the bottom of the market.

Donvale’s median unit price of $537,500 is also much
cheaper than neighbouring suburbs such as Doncaster East ($651,500).

There are contemporary and stylish units available on Mitcham Rd which are close to shops and cafes.

They are also close to buses to the city or Westfield.Close
Metrics i HOUSE UNIT
$1,160,000 $685,000
11.00% -4.06%
19.59% 5.36%
7.60% 7.16%
$480 $408
101 40
2.15% 3.09%
47.79 60.25

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Donvale VIC
Demographics
Total population 11794
Median household income ($/weekly) 1613
Median age of persons 42
Median housing loan repayment ($/monthly) 2123
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1481 12.6
    35-44 years 1599 13.6
    45-54 years 1734 14.7
    55-64 years 1532 13.0
    65-74 years 1172 9.9
    Others 4276 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 5215 58.9
    Not Married 3222 36.4
    Defacto Relationship 420 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8080 70.7
    Croatia 382 3.3
    Malta 270 2.4
    United Kingdom 462 4.0
    Other 519 4.5
    Others 1720 15.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 314 2.9
    Christianity 7671 70.0
    Islam 162 1.5
    Other Religious Groups 104 0.9
    No Religion 2578 23.5
    Others 130 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 287 8.1
    $800-$999 294 8.3
    $1,500-$1,999 406 11.5
    $2,000-$2,499 349 9.9
    $2,500-$2,999 429 12.1
    Others 1769 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3542 37.7
    Not in the labour force 3305 35.1
    Employed, worked part-time 1990 21.2
    Employed, away from work 326 3.5
    Unemployed, looking for work 241 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1002 17.1
    Professionals 1656 28.3
    Technicians & trades workers 631 10.8
    Clerical & administrative workers 970 16.6
    Sales 656 11.2
    Others 942 16.1
    Occupation
    Census Count Percent(%)
    Pre-school 199 7.0
    Infants/Primary 967 33.8
    Secondary 870 30.4
    Technical or Further Educational Institution 161 5.6
    University or other Tertiary Institutions 581 20.3
    Others 81 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9814 88.9
    Semi-detached, row or terrace house, townhouse 1108 10.0
    Flat, unit or apartment 115 1.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1830 46.7
    Being purchased 1471 37.5
    Rented 570 14.5
    Other tenure type 48 1.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals