daylesford

3460, Victoria

Real Estate & Property Information

Median
Price Rank
439

daylesford Suburb Profile & Review

Daylesford is a former goldmining town in the foothills of the Great Dividing Range. It is now renowned for its bed and breakfasts, art galleries, botanical gardens and spa retreats. Daylesford and nearby Hepburn Springs contain over eighty per cent of Australia's mineral water springs. Hepburn Bathhouse and Spa, Peppers Springs Retreat and Lake House are all luxury hotel retreats built over these springs. Holistic health is a common industry in the area.

Along Albert and Vincent streets you will find clothing boutiques, second hand bookshops, cafes and high-quality restaurants such as Frangos & Frango. Lake Daylesford in Central Springs Reserve features a cafe, picnic spots, walking tracks and jetties for fishing and rowboat hire.

Swiss-Italian miners were prominent early residents and their legacy is celebrated at the Lavandula Swiss Italian Farm, with its beautiful European gardens, vineyards, lavender fields and the La Trattoria cafe. Today, Daylesford is home to many artists and a proud gay community. Its schools are both traditional Daylesford Secondary College and alternative - the Daylesford Dharma School, Australia's first Buddhist primary school.

daylesford Demographic Data

$ 350,000 Median House Price

79 Minutes Average Commute

49 Median Age

2,565 Population

55.63 % Female

44.37 % Male

659 NO OF FAMILIES

1.6 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in daylesford, Victoria.

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daylesford Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

daylesford Median House Prices

  • 2008 $ 260,500
  • 2009 $ 257,000
  • 2010 $ 298,000
  • 2011 $ 361,250
  • 2012 $ 350,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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daylesford 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in daylesford have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term daylesford property price predictions.

daylesford Market Property Types

  • 91 % Seperate House
  • 5 % Semi Detached
  • 3 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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daylesford Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

daylesford Income & Mortgage Stats

  • $ 757 Median Weekly Household Income
  • $ 1,213 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in daylesford

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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daylesford Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

daylesford Sold Property Prices

daylesford Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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daylesford Cafes

  • Koukla82 Vincent St daylesford VIC 346003 5348 2363
  • Wombat Hill HouseWombat Hill Botanic Gardens daylesford VIC 346003 4373 0099
  • Wild Food CafeShop 6/ 11 Howe Stdaylesford VIC 346003 5348 1030

Find out How Much your House is Worth in daylesford

Request a free market Basic Report for daylesford to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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