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Deer Park
AREA REPORTS

Deer Park

Deer Park - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3023

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 10.88% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $632,000

The augmented property values in the suburb are trailing behind the territorial average of 18.09% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $380.

Home owners selling their properties and realtors in DEER PARK usually have to wait an average of 35.8 days days before their assets are lifted off the market.

The VIC suburb ranks 243rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.13% return.

It also places places 645th in Australia based on median property value growth during the quarter.

Data report can be found below

Deer Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $632,000 $482,500
GROWTH REPORT
Median Quarterly 1.12% 0.52%
Median 12 month 8.03% 0.52%
Median 3 years 10.88% 8.43%
Median 5 years 42.66% 39.86%
10 years average annual 6.26% 4.53%
Weekly media advert. rent $380 $350
Time on Market 35.8 days 56.7 days
Gross Rental Yield Percent 3.13% 3.77%
demographics (median values)*
Total Population
63972
Weekly Household Income
1586
Household Size
3.20
Age
33
Monthly Loan Repayment
1800
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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