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Dennington
AREA REPORTS

Dennington

Dennington - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3280

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

The suburb 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 $482,500.

The upward trend in home prices in DENNINGTON, 3280 averaged 11.97% per annum over a 3-year period.

Average weekly rents on listings have reached the $470 mark, reflecting a 5.07% increase in returns based on the current median price in DENNINGTON.

An average of 4.83 real estate transactions take place per month in DENNINGTON which translates to 58 per annum.

58 properties were sold in DENNINGTON in 2016, making it the 147th most active market in VIC based on total real estate transactions.

DENNINGTON, 3280 places 104th in Australia based on median property value growth during the quarter.

Data report can be found below

Dennington
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $482,500 N/A
GROWTH REPORT
Median Quarterly 8.37% N/A
Median 12 month 21.38% N/A
Median 3 years 35.92% N/A
Median 5 years 39.45% N/A
10 years average annual 3.36% N/A
Weekly media advert. rent $470 N/A
Time on Market 29.9 days N/A
Gross Rental Yield Percent 5.07% N/A
demographics (median values)*
Total Population
31569
Weekly Household Income
1162
Household Size
2.40
Age
40
Monthly Loan Repayment
1430
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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