Diamond Creek is a well-established suburb in Victoria within the Nillumbik local government area (postcode 3089). With a population of 12,503, the suburb has an established demographic with a median age of 39. Households earn a median income of $130K per year, with an average household size of 2.9 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Diamond Creek is $1.1 million, having surged 10.8% over the past year. Units have a median price of $790,000 (+7.8% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Diamond Creek is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1058, which is above the national average of 1,000. Public transport access includes 4 rail stations, 40 bus stops. The crime rate in the Nillumbik LGA is below average at 3,681 incidents per 100,000 population.
From an investment perspective, Diamond Creek offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +10.8% year-on-year.
Diamond Creek is a well-established suburb in Victoria within the Nillumbik local government area (postcode 3089). With a population of 12,503, the suburb has an established demographic with a median age of 39. Households earn a median income of $130K per year, with an average household size of 2.9 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Diamond Creek is $1.1 million, having surged 10.8% over the past year. Units have a median price of $790,000 (+7.8% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Diamond Creek is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1058, which is above the national average of 1,000. Public transport access includes 4 rail stations, 40 bus stops. The crime rate in the Nillumbik LGA is below average at 3,681 incidents per 100,000 population.
From an investment perspective, Diamond Creek offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +10.8% year-on-year.