Docklands is a well-established suburb in Victoria within the Melbourne local government area (postcode 3008). With a population of 15,495, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $102K per year, with an average household size of 1.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Indian.
Units have a median price of $593,000 (+0.1% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 5.5%. 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.
From an investment perspective, Docklands offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($593K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +0.1% year-on-year.
Docklands is a well-established suburb in Victoria within the Melbourne local government area (postcode 3008). With a population of 15,495, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $102K per year, with an average household size of 1.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Indian.
Units have a median price of $593,000 (+0.1% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 5.5%. 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.
From an investment perspective, Docklands offers a gross rental yield of 5.5%, rated as high yield. Property prices sit below the state median ($593K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +0.1% year-on-year.