Located in Victoria within the Whittlesea local government area, Doreen is a large suburb (postcode 3754). With a population of 27,122, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $112K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
Doreen has a median house price of $740,000, which has eased back by 1.5% year-on-year. Units have a median price of $136,000 (-33.6% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,000.
Doreen is served by 6 schools, including 4 primary, 2 combined. The average ICSEA score is 1057, which is above the national average of 1,000. Public transport access includes 90 bus stops. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.7% (moderate yield). Property prices are near the state median ($740K/$875K). The price-to-income ratio of 6.6x is considered moderate. House prices have moved -1.5% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.