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Dingley Village, VIC 3172

Home » VIC Real Estate Data » Kingston City, VIC » Dingley Village, VIC 3172

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 Dingley Village, VIC 3172 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.

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Yield 

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Buy 

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Rent 

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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 “Dingley Village, VIC 3172”

  1. The total adult population (15 years or older) of Dingley Village 3172 VIC is 8,653, with a median age of 45. Of those, 54.65% are married, 10.53% are divorced or separated, 28.61% are single and 6.21% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $9,340. The median monthly mortgage repayment for households in this suburb is $2,058 which is 22.03% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Dingley Village, postcode 3172, is estimated to encompass approximately 4385 households. As of Q3 2023, the typical price for houses in this area is around $1,077,377 AUD. With a median weekly rent of $598, this results in an indicative yield of just below 2.89%, slightly under the minimum 3% attractive market requirement for cashflow-centered property investors.

    Dingley Village sports an IRSAD score of 1048 out of 1217—a strong indicator of the area’s high socio-economic status showcasing good access to economic resources, satisfactory income levels, and the prevalent skilled professions. The Renters to Owners Ratio sits at a comfortable 11%, better than the preferred maximum 30%. This low number signifies a market that’s not overly saturated with rentals, reducing both risk and competition for other property investors.

    Further adding to this area’s charm is the low units to houses Ratio of 13%, again falling well under the maximum preferable limit of 50%. This low ratio ensures less competition among landlords for tenants, maintaining high rental yields and attracting a crowd looking for long tenancy periods, such as families. It also serves as an insulator against possible price drops due to regulatory changes or market cooling caused by an oversupply of units.

    However, a potential cause for concern is the calculated affordability index for houses which stands at 45 years. This value, being on the higher side, could be an indicator of decreased affordability in the area, but this possible pitfall can be overlooked when considering the other strong infrastructure this suburb offers.

    The supply metrics are extraordinarily favourable in Dingley Village. With a stock on market Percentage for houses at just 0.03% and an inventory Level indicating a 0.14 month period, there’s a markedly low supply in the market. Additionally, the Building Approval Ratio is at a low 0.4%, further indicating a favourable low supply.

    When it comes to demand, this suburban area is performing well too. Homes typically spend around 20 days on the market, indicating that there is a high demand. The Vacancy Rate, combining both houses and units, is at an acceptable 1.95%, signifying a neutral demand.

    Lastly, the buy search index for houses in Dingley Village sits at 4, signifying a steady demand that is just above the neutral range. As evident from the stats, although the affordability index falls in the questionable range, the other largely favourable metrics make Dingley Village 3172 a worthwhile prospect for property investors and buyers, especially when one takes into account the Relative Composite Score from HtAG Analytics, which factors in over 80 metrics for a comprehensive market view.

    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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