Suburb Profile Report for Dingley Village VIC (3172)

Dingley Village House: Median price $860,000, Annual capital growth 6.06%, Number of sales 93, Weekly median advertised rent $493

Dingley Village Unit: Median price $610,000, Annual capital growth 4.05%, Number of sales 21, Weekly median advertised rent $450

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

VIC has seen average median house prices change by 4.41% which means that Dingley Village, 3172 has done well for property investors by showing a capital gain of 6.83% over the last year

Dingley Village,3172 has offered an average of 6.83% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Dingley Village are currently offering property investors an average price cut of -5.77% below the asking price at the moment.

Residents and property investors in Dingley Village have been waiting around 39.3438 days to sell a property.

A $492.5 per week rent on the median house gives suburb investors a gross yield of circa 2.98%, without taking into account capital value appreciation, which has been averaging out at 6.06%.

Property investors who have had real estate in Dingley Village, 3172 should be relatively 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 -3.33%

While Dingley Village,3172 ranked number 211th in VIC for increase in median house value (annualised) increase, it is ranked 174th over the last 5 years.

Residents and property investors in Dingley Village have been waiting around 58.7 days to sell a property.

Advertised rents are around the $450 mark per week – giving a return of 3.84% based on the median price in Suburb

Metrics i HOUSE UNIT
$860,000 $610,000
6.17% 0.83%
6.83% -3.33%
6.06% 4.05%
$493 $450
93 21
2.98% 3.84%
39.34375 58.7

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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
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