Suburb Profile Report for Dingley Village VIC (3172)

Dingley Village House: Median price $870,000, Annual capital growth 7.47%, Number of sales 123, Weekly median advertised rent $470

Dingley Village Unit: Median price $550,750, Annual capital growth 5.16%, Number of sales 45, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2540th in the list of Australian suburbs ordered by increase in median house value over the last year, Dingley Village, 3172 is in the BOTTOM 40% with a property value increase of 1.75% recorded in median house prices.

Across a shorter period, Dingley Village, 3172 has seen a median price increase of -2.25% over the last quarter.

Property investors looking for a bargain in Dingley Village should be aiming for at least -2.75% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 23.57km from the CBD, Dingley Village is one of Kingston localities in the postcode 3172.

Over the last year, property investments in Dingley Village, 3172 have given investors a capital gain of -6.73%. This compares very badly with the 7.73% for VIC as a whole.

While Dingley Village,3172 ranked number 281th in VIC for increase in median house value (annualised) increase, it is ranked 145th over the last 5 years.

Our latest figures would indicate that property sellers in Dingley Village are currently offering property investors an average price cut of -1.19% below the asking price at the moment.

In the last year 45 properties changed hands in Dingley Village, which puts it as the 186th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Dingley Village being $550750 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 4.34%

Metrics i HOUSE UNIT
$870,000 $550,750
-2.25% -1.65%
1.75% -6.73%
7.47% 5.16%
$470 $460
123 45
2.81% 4.34%
41.94 38.78

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 10186
Median household income ($/weekly) 1375
Median age of persons 42
Median housing loan repayment ($/monthly) 1825
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1244 12.2
    35-44 years 1396 13.7
    45-54 years 1568 15.4
    55-64 years 1433 14.1
    65-74 years 957 9.4
    Others 3587 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 4526 57.1
    Not Married 2995 37.8
    Defacto Relationship 406 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 7595 76.5
    Indonesia 165 1.7
    Papua New Guinea 132 1.3
    United Kingdom 620 6.2
    Other 288 2.9
    Others 1125 11.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 225 2.3
    Christianity 7091 74.0
    Hinduism 94 1.0
    Islam 132 1.4
    No Religion 1946 20.3
    Others 94 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 324 9.8
    $600-$799 322 9.8
    $1,500-$1,999 426 12.9
    $2,000-$2,499 376 11.4
    $2,500-$2,999 311 9.4
    Others 1534 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3263 40.0
    Not in the labour force 2671 32.7
    Employed, worked part-time 1743 21.4
    Employed, away from work 299 3.7
    Unemployed, looking for work 183 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 729 13.7
    Professionals 1012 19.1
    Technicians & trades workers 800 15.1
    Clerical & administrative workers 956 18.0
    Sales 633 11.9
    Others 1173 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 166 6.9
    Infants/Primary 809 33.8
    Secondary 764 31.9
    Technical or Further Educational Institution 198 8.3
    University or other Tertiary Institutions 386 16.1
    Others 70 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8949 91.0
    Semi-detached, row or terrace house, townhouse 476 4.8
    Flat, unit or apartment 339 3.4
    Caravan, cabin, houseboat 63 0.6
    House or flat attached to a shop, office 7 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1720 47.6
    Being purchased 1474 40.8
    Rented 393 10.9
    Other tenure type 28 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals