Docklands is a settled mid-to-large suburb in Victoria within the Melbourne local government area (postcode 3008). The area has roughly 15,495 residents and a mix of families and early-career residents, with a median age of 32. Households earn a median income of $102K per year, with an average household size of 1.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% 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 professional services and finance & insurance. The top ancestries reported are Chinese, English, Indian.
Units have a median price of $625,000 (+5.5% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $2,000.
Docklands is served by 1 school, including 1 primary. The average ICSEA score is 1133, which is well above the national average of 1,000. Public transport access includes 7 rail stations, 2 ferry wharfves, 44 bus stops. The crime rate in the Melbourne LGA is higher than average at 23,998 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 5.8%, which reads as high yield. Property prices are near the state median ($625K/$875K). The price-to-income ratio of 6.1x is considered moderate. House prices have moved +5.5% year-on-year. Population growth of +3.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.