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Donvale

POSTAL CODE: VIC, 3111
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Property investments in DONVALE did not fare well against the rest of the country last year, registering a median home price decrease of 2.05%.

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

Based on its average 5-year and quarterly capital gains DONVALE, 3111 saw average growth in the long term.

Real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 71.4 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,545,000.

DONVALE ranks 497th on the list of best yielding suburbs for rental properties in VIC, posting a 2.69% return.

Surburb overview

Donvale is a suburb in the City of Manningham, approximately 20 kilometres east of Melbourne's Central Business District. The area is characterised by its tranquil environment, offering residents a peaceful retreat from the city's hustle and bustle.

As of the 2016 census, Donvale had 12,347 residents, with a median age of 44. The suburb covers an area of approximately 11.7 square kilometres and features 26 parks, which account for nearly 10.8 per cent of its total area.

The median property price in Donvale is approximately $1,553,500, and the annual capital growth rate is 4.40%. In the past year, 111 houses have been sold, and properties typically spend around 37 days on the market.

Donvale offers a blend of peaceful living and modern conveniences. The suburb provides residents access to essential services and recreational facilities, contributing to a balanced lifestyle.

Donvale's combination of natural beauty, residential appeal, and accessibility makes it a desirable suburb within Melbourne's eastern corridor.

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