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Doncaster
AREA REPORTS

Doncaster

Doncaster - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3108

house
unit

DONCASTER, 3108 delivered a stronger 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 DONCASTER, 3108 values up and netting property investors a capital gain of 17.33% for the past year.

Investors saw the median home price rise to $1,496,000.

Profits due to an upward trend in home prices in the suburb averaged 5.93% per annum over a 3-year period.

DONCASTER now ranks at the 456th 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 DONCASTER 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 $550 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 DONCASTER, homes and units usually stay on listing for an average of 57.5 days.

In 2016, 303 properties were sold in DONCASTER during the past year, making it the 349th most active market in VIC based on total real estate transactions.

Data report can be found below

Doncaster
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,496,000 $685,000
GROWTH REPORT
Median Quarterly 3.03% -1.44%
Median 12 month 17.33% 11.2%
Median 3 years 17.8% 19.65%
Median 5 years 19.68% 20.39%
10 years average annual 7.59% 2.95%
Weekly media advert. rent $550 $420
Time on Market 57.5 days 85.3 days
Gross Rental Yield Percent 1.91% 3.19%
demographics (median values)*
Total Population
20826
Weekly Household Income
1366
Household Size
2.50
Age
42
Monthly Loan Repayment
1992
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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