Deanside (postcode 3336) is a small locality in Victoria within the Melton local government area. With a population of 654, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $115K per year, with an average household size of 3.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +5.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, machinery operators & drivers. Employment in the area leans toward healthcare and transport & logistics. The top ancestries reported are Indian, Australian, Filipino.
The median house price in Deanside is $667,000, broadly unchanged over the past year. Units have a median price of $417,000 (-25.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,211.
Deanside is served by 1 school, including 1 primary. The average ICSEA score is 1044, which is around the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.7% (moderate yield). Property prices are near the state median ($667K/$875K). The price-to-income ratio of 5.8x is considered affordable. House prices have moved +0.3% year-on-year. Population growth of +5.8% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.