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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Chinese, English, Australian.
The median house price in Deepdene is $3.6 million, having climbed sharply by 19.9% over the past year. Units have a median price of $807,000 (-30.5% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 0.9%. 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.
Looking at the investment signals, Deepdene shows a gross rental yield of approximately 0.9%, 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. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.