Suburb Profile Report for Doveton VIC (3177)

Doveton House: Median price $537,550, Annual capital growth 9.03%, Number of sales 174, Weekly median advertised rent $320

Doveton Unit: Median price $434,500, Annual capital growth 7.50%, Number of sales 47, Weekly median advertised rent $335

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

Doveton is in the TOP 20% in VIC when comparing median price capital growth over the last year. Doveton gave property investors a very good capital gain figure when compared to the rest of the state, with 19.19%.

Across a shorter period, Doveton, 3177 has seen a median price increase of 3.38% over the last quarter.

The most recent median price for Doveton is $537550, with sellers offering an average of -6.22% off the asking price.

On average over the past year, suburb has had 14.50 sales per month, which equates to 174 per year.

Doveton is 314th on a list of best yielding suburbs for rents in VIC with a 3.10% return

Property investors who have had real estate in Doveton, 3177 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 22.74%

A 54.74% growth in median value for property investors in Doveton,3177 puts this suburb at number 183th in terms of best performing suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.82% offered to property buyers. Sellers in Doveton itself are offering an average vendor discount of -5.58% to real estate investors.

Using the current median advertised rental of $335 and the average annual increase in value of a median property of 7.50%, investors should hope to achieve an overall return of 4.01%

Elvira Bafto Information supplied by:

Elvira Bafto
Platinum Real Estate

M 0400 906 556
O (03) 9793 7119

Doveton is a small suburb, located 31km south-east of the Melbourne CBD. An older, established area, it offers growth potential for properties on large blocks as it benefits from improved roads, public transport and general urban sprawl factors.
investors are keen on homes in the area that can be picked up for less than $300,000, which mostly consist of three-bed, one-bath concrete buildings.
The suburb has schools, shops and other local amenities, while also being centrally located and within easy range of amenities in Dandenong and employment opportunities in Hallam.Full summary

Selling points: Doveton spans approximately four square kilometres. It has 12 parks, covering nearly 14% of its area. Being an older established area, purchasers have large land opportunity, with potential multi-unit development (STCA).  The current market trend for occupancy within Doveton is at 31% rental, 29% owned outright, 33% purchasers and 7% other. Currently the median sales price of houses in the area is $285,000, which is a great entry for first home buyers and investors.

Most sought after properties: Three-bed homes with a single bathroom and vehicle accommodation. Homes under $300,000 are generally picked up quite quickly, with $300,000 - $400,000 properties averaging 75 days on the market.

Most common properties: Solid concrete three-bedroom, one-bathroom homes, which were previously a part of the government’s housing commission association.

Top amenities: Doveton is located between the Monash Freeway and Princes Highway and offers a range of local amenities within two to three minutes, such as schools, banks, public transport and shopping centres; making it ideal for investors wanting to secure as property  with great future potential and immediate rental.

Local industry and business: Most residents are either commuters to the city, or work at south-east expanding shopping centres such as Westfield Fountain Gate, Dandenong Plaza and Endeavour Hills Shopping Centre. Doveton borders onto an industrial portion located in Hallam (2.4kms away), which offers plenty of factory positions along with a new Masters’ building products store, which will offer an additional 1400 jobs when it opens soon.

Recent changes: In January of 2012 the city of Casey implemented the Doveton & Eumemmerring Community Plan. Such plans are designed to provide guidance to Local Government with respect to physical and social needs of those living and working in an area as well as to those people who have business interests in the area.

Best streets: Purchasing close to The Autumn Place and Linden Place shopping strips ensures quick return for investment property purchasers, as tenants prefer quick access to local stores and public transport. When looking to purchase as an owner occupant, there are no good or bad areas of Doveton, as it’s a small suburb and everything is close by. The entire suburb offers great potential for future growth, due to its easy access to main freeways and being so central to many larger surrounding suburbs, minus the price tag. Doveton is a diamond in the rough- it just needs a good polish to see its true worth.

Public transport: Bus routes are very frequent due to the joining of Hallam and Dandenong, via Doveton. Bus stops are located every 50 metres on main roads such as Box Street, Power Road and Kinds Road.

Main arteries: Doveton central is located 3km from the Monash Freeway, taking you direct to the Melbourne CBD or Tullamarine Airport. The nearby Princes Highway takes you to the outer south-east or into the city.


Metrics i HOUSE UNIT
$537,550 $434,500
3.38% 0.12%
19.19% 22.74%
9.03% 7.50%
$320 $335
174 47
3.10% 4.01%
53.72 39.32

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Doveton VIC
Total population 8404
Median household income ($/weekly) 822
Median age of persons 34
Median housing loan repayment ($/monthly) 1300
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1093 13.0
    25-34 years 1334 15.9
    35-44 years 1107 13.2
    45-54 years 990 11.8
    55-64 years 907 10.8
    Others 2973 35.4
    Age Group
    Census Count Percent(%)
    Not Married 3085 50.8
    Registered Married 2646 43.6
    Defacto Relationship 343 5.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3762 48.5
    Indonesia 479 6.2
    Sri Lanka 323 4.2
    United Kingdom 297 3.8
    Other 1262 16.3
    Others 1629 21.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 397 5.3
    Christianity 4604 61.4
    Hinduism 327 4.4
    Islam 801 10.7
    No Religion 1217 16.2
    Others 157 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 283 11.2
    $400-$599 355 14.1
    $600-$799 363 14.4
    $800-$999 306 12.1
    $1,000-$1,249 277 11.0
    Others 935 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2958 48.3
    Employed, worked full-time 1750 28.6
    Employed, worked part-time 848 13.9
    Unemployed, looking for work 344 5.6
    Employed, away from work 218 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 529 18.8
    Community & personal service workers 249 8.8
    Clerical & administrative workers 310 11.0
    Machinery operators & drivers 484 17.2
    Labourers 563 20.0
    Others 682 24.2
    Census Count Percent(%)
    Infants/Primary 606 33.9
    Secondary 492 27.6
    Technical or Further Educational Institution 255 14.3
    University or other Tertiary Institutions 190 10.6
    Other type of educational institution 135 7.6
    Others 107 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7249 92.2
    Semi-detached, row or terrace house, townhouse 101 1.3
    Flat, unit or apartment 488 6.2
    Caravan, cabin, houseboat 9 0.1
    Improvised home, tent, sleepers out 6 0.1
    Others 6 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 1010 37.7
    Being purchased 876 32.7
    Fully owned 777 29.0
    Other tenure type 18 0.7
    Tenure Type
Census 2011, ABS
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