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Deepdene, VIC 3103

Home » VIC Real Estate Data » Boroondara City, VIC » Deepdene, VIC 3103

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Deepdene, VIC 3103 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Deepdene, VIC 3103”

  1. The total adult population (15 years or older) of Deepdene 3103 VIC is 1,799, with a median age of 46. Of those, 54.59% are married, 6.50% are divorced or separated, 30.85% are single and 7.73% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $11,388. The median monthly mortgage repayment for households in this suburb is $3,000 which is 26.34% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of DEEPDENE, postcode 3103, located in Victoria, is a residential area estimated to have 1042 households as of Q3, 2023. The property market in this quaint suburb is robust, with the typical prices for houses soaring at an impressive $3,442,901. Indicative yields, although below the preferred 3% mark, are steady at 1.56%. This scenario presents both opportunities and challenges for property investors focused on cash flow.

    The median weekly rent stands at $1,030, making an undeniable statement about the desirability of the area. Supporting this impression is the suburb’s impressive IRSAD score of 1132 out of 1217, which shines a light on its vibrant socio-economic status.

    Further to this, the renter to owner ratio is only 20%, providing a clear sign of the area’s long-term residential appeal. The units to houses ratio also stands at 20%, indicating a balanced property market with less competition amid landlords.

    However, the affordability index is a notable concern at 118 years, substantially exceeding the standard 30-year mortgage term, indicating that the area might only be affordable to high-income earners.

    As for the supply indicators, they show a favorably low stock on the market percentage for houses at just 0.16%. This suggests an under-supplied market that could attract competitive buyers. The inventory level for houses, another indicator of supply, is also favourable at an astonishingly low 0.71 months.

    The building approval ratio for houses raises no red flags at 0.96%, suggesting a steady but not excessive supply of new dwellings. However, the long average days on market for houses (117 days) indicates a relatively low demand, which coupled with a vacancy rate standing at 2.38%, could impact rental investment returns.

    In conclusion, while the buy search index for houses ranks relatively high at 6 showing sound demand, it is crucial for property investors to consider all these mixed signals when deciding on investment opportunities in DEEPDENE’s property market. Remember, the Relative Composite Score (RCS) developed by HtAG Analytics considers over 80 metrics to automate and simplify your real estate market research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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