Deepdene

POSTAL CODE: VIC, 3103
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A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 2.81% growth over a ten-year period. It ranks 3604th on our list of suburbs that property investors should look into.

DEEPDENE, 3103 has a capital gain of -7.17% for the past year, which is lower than average compared to its 7.06% growth within a five-year period.

With the median home price in DEEPDENE sitting at $3,372,500, and the average rent at $900, property owners could potentially earn a 1.39% increase in gross rental yield.

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

DEEPDENE, 3103 in VIC belongs to the local government area of Boroondara.

Surburb overview

Deepdene is a suburb in the City of Boroondara, approximately 9 kilometres east of Melbourne's Central Business District. According to the 2021 census, It has 2,101 residents.

Historically, Deepdene was a neighbourhood within the Balwyn suburb. In April 2010, the Office of Geographic Names officially recognised Deepdene as a distinct suburb. The area is characterised by its residential charm and community-oriented atmosphere.

Public transportation in Deepdene includes tram services along Whitehorse Road, providing residents access to Melbourne's CBD and surrounding areas. The suburb is also traversed by the Outer Circle Railway Anniversary Trail, a walking and cycling path that follows the former Outer Circle railway line. This trail offers recreational opportunities and a glimpse into the area's history.

Deepdene offers a range of essential establishments, including educational institutions such as Our Lady of Good Counsel and Deepdene Primary School, which cater to the community's academic needs.

Local sports clubs, including the Deepdene Uniting Cricket Club and the Deepdene Tennis Club, support recreational activities in Deepdene and provide residents with opportunities for sports and community engagement.

Deepdene's residential appeal, educational facilities, and recreational amenities contribute to its distinctive character within Melbourne's eastern suburbs.

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