Delahey

POSTAL CODE: VIC, 3037

HOUSE

UNIT

DELAHEY, 3037 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling DELAHEY, 3037 values up and netting property investors a capital gain of 12.5% for the past year.

Investors saw the median home price rise to $720,000.

Profits due to an upward trend in home prices in the suburb averaged 3.66% per annum over a 3-year period.

DELAHEY now ranks at the 96th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in DELAHEY are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $500 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DELAHEY, homes and units usually stay on listing for an average of 33.8 days.

In 2016, 70 properties were sold in DELAHEY during the past year, making it the 106th most active market in VIC based on total real estate transactions.

DELAHEY ranks 257th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

DELAHEY, 3037 has a capital gain of 27.96% for the past year, which is higher than average compared to its 0% growth within a five-year period.

DELAHEY, 3037 ranks 121st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 27.96% for property investors last year.

With the median home price in DELAHEY sitting at $611,000, and the average rent at $475, property owners could potentially earn a 4.04% increase in gross rental yield.

Property investors have seen a 8.43% gain in DELAHEY based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on DELAHEY, 3037 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 27.96%.

A survey of average capital gains or median home price increase in suburbs across the country shows that DELAHEY, 3037 obtained a 9.16% growth over a ten-year period. It ranks 98th on our list of suburbs that property investors should look into.

Surburb overview

Delahey, situated approximately 20 kilometres north-west of Melbourne's Central Business District, is a suburb of Brimbank. According to the 2021 census, it has a population of 8,077 residents.

The suburb predominantly features separate houses, with an average of 3.1 bedrooms per dwelling. The median property price for a home is currently $650,000, reflecting an annual capital growth rate of 1.92%. Rental yields for houses are around 3.90%, with a median weekly rent of $500.

Public transportation in Delahey includes several bus routes connecting to neighbouring suburbs and train stations. The nearest train stations are Keilor Plains and Watergardens, providing access to Melbourne's rail network.

Essential amenities are accessible, with local shopping centres along Taylors Road offering supermarkets, retail stores, and dining options. More extensive shopping centres like Watergardens Town Centre are located in nearby suburbs.

Several parks and reserves within the suburb offer recreational opportunities. Delahey Reserve features playgrounds, sports fields, and walking paths for various outdoor activities. The suburb is also home to sports clubs, including the Delahey Recreation Reserve, which hosts local sporting events.

Delahey offers a suburban lifestyle with access to essential services and recreational facilities, making it a notable suburb within Melbourne's metropolitan area.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$720,000	$611,000
Growth Report
Median Quarterly	4.35%	8.43%
Median 12 month	12.5%	27.96%
Median 3 years	10.98%	0%
Median 5 years	25.87%	0%
10 years average annual	6.38%	9.16%
Weekly media advert. rent	$500	$475
Time on Market	33.8 days	N/A
Gross Rental Yield Percent	3.61%	4.04%

Demographics (Median Values)*

Total Population 51155

Weekly Household Income 1684

Household Size 3.20

Average Age 33

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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