Dennington

POSTAL CODE: VIC, 3280

HOUSE

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 $631,500.

The upward trend in home prices in DENNINGTON, 3280 averaged 1.01% per annum over a 3-year period.

Average weekly rents on listings have reached the $595 mark, reflecting a 4.9% increase in returns based on the current median price in DENNINGTON.

An average of 3.33 real estate transactions take place per month in DENNINGTON which translates to 40 per annum.

40 properties were sold in DENNINGTON in 2016, making it the 250th most active market in VIC based on total real estate transactions.

DENNINGTON, 3280 places 322nd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$631,500	N/A
Growth Report
Median Quarterly	1.53%	N/A
Median 12 month	4.16%	N/A
Median 3 years	3.02%	N/A
Median 5 years	57.88%	N/A
10 years average annual	6.69%	N/A
Weekly media advert. rent	$595	N/A
Time on Market	46.4 days	N/A
Gross Rental Yield Percent	4.9%	N/A

Demographics (Median Values)*

Total Population 31569

Weekly Household Income 1162

Household Size 2.40

Average 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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