Deer Park is a well-established suburb in Victoria within the Brimbank local government area (postcode 3023). With a population of 18,145, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $76K per year, with an average household size of 2.9 people. The most common occupations are professionals, labourers, machinery operators & drivers. The top ancestries reported are Vietnamese, Australian, English.
The median house price in Deer Park is $658,000, having increased 2.7% over the past year. Units have a median price of $486,000 (-2.4% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,689.
Deer Park is served by 3 schools, including 3 primary. The average ICSEA score is 981, which is around the national average of 1,000. Public transport access includes 22 rail stations, 49 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Deer Park offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($658K/$875K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +2.7% year-on-year.
Deer Park is a well-established suburb in Victoria within the Brimbank local government area (postcode 3023). With a population of 18,145, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $76K per year, with an average household size of 2.9 people. The most common occupations are professionals, labourers, machinery operators & drivers. The top ancestries reported are Vietnamese, Australian, English.
The median house price in Deer Park is $658,000, having increased 2.7% over the past year. Units have a median price of $486,000 (-2.4% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,689.
Deer Park is served by 3 schools, including 3 primary. The average ICSEA score is 981, which is around the national average of 1,000. Public transport access includes 22 rail stations, 49 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Deer Park offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($658K/$875K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +2.7% year-on-year.