Derrimut is a mid-sized suburb in Victoria within the Brimbank local government area (postcode 3026). With a population of 8,651, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $118K per year, with an average household size of 3.6 people. The most common occupations are professionals, clerical & administrative, machinery operators & drivers. The top ancestries reported are Vietnamese, Filipino, Australian.
The median house price in Derrimut is $750,000, having risen modestly 1.4% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,976.
Derrimut is served by 2 schools, including 2 primary. The average ICSEA score is 1020, which is around the national average of 1,000. Public transport access includes 23 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, Derrimut offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($750K/$875K). The price-to-income ratio of 6.3x is considered moderate. House prices have moved +1.4% year-on-year.
Derrimut is a mid-sized suburb in Victoria within the Brimbank local government area (postcode 3026). With a population of 8,651, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $118K per year, with an average household size of 3.6 people. The most common occupations are professionals, clerical & administrative, machinery operators & drivers. The top ancestries reported are Vietnamese, Filipino, Australian.
The median house price in Derrimut is $750,000, having risen modestly 1.4% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,976.
Derrimut is served by 2 schools, including 2 primary. The average ICSEA score is 1020, which is around the national average of 1,000. Public transport access includes 23 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, Derrimut offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($750K/$875K). The price-to-income ratio of 6.3x is considered moderate. House prices have moved +1.4% year-on-year.