Deepdene is a smaller suburb in Victoria within the Boroondara local government area (postcode 3103). With a population of 2,101, the suburb has a mature demographic with a median age of 46. Households earn a median income of $117K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Deepdene is $3.6 million, having surged 19.9% over the past year. Units have a median price of $1.2 million (-15% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $3,000.
Deepdene is served by 2 schools, including 2 primary. The average ICSEA score is 1148, which is well above the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Deepdene offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($3.6M/$875K), placing it in the premium segment. The price-to-income ratio of 31.1x is considered stretched. House prices have moved +19.9% year-on-year.
Deepdene is a smaller suburb in Victoria within the Boroondara local government area (postcode 3103). With a population of 2,101, the suburb has a mature demographic with a median age of 46. Households earn a median income of $117K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Deepdene is $3.6 million, having surged 19.9% over the past year. Units have a median price of $1.2 million (-15% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $3,000.
Deepdene is served by 2 schools, including 2 primary. The average ICSEA score is 1148, which is well above the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Deepdene offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($3.6M/$875K), placing it in the premium segment. The price-to-income ratio of 31.1x is considered stretched. House prices have moved +19.9% year-on-year.