Mount Duneed (postcode 3217) is a mid-sized suburb in Victoria within the Greater Geelong local government area. The area has roughly 6,182 residents and 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 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% 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, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Mount Duneed has a median house price of $708,000, which has eased back by 1.7% year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,983.
Mount Duneed is served by 2 schools, including 2 primary. The average ICSEA score is 1052, which is above the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.7%, which reads as moderate yield. Property prices are near the state median ($708K/$875K). The price-to-income ratio of 6.0x is considered affordable. House prices have moved -1.7% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.