deer park

3023, Victoria

Real Estate & Property Information

Median
Price Rank
426

deer park Suburb Profile & Review

It takes a mere twenty-five minutes to reach the city from Deer Park on the Western Ring Road. However, despite the proximity of the freeway, the Deer Park Bypass enables traffic to skirt the suburb completely. As a result, Deer Park has become a relatively peaceful area to live in. The Kororoit Creek runs through the suburb and branches off into several scenic reserves, providing residents with cycling tracks, picnic grounds and playgrounds.

Restaurants and takeaway shops are scattered along the Ballarat Road shopping strip, while Brimbank Central and theCairnlea Town Centre are both booming shopping malls nearby. Those hungry for serious retail therapy will find Essendon DFO and Highpoint a short distance away.

Victoria University Secondary College has a campus in Deer Park and Victoria University's St Albans campus is also a mere stone's throw away. Three primary schools can be found within the suburb's boundaries. Public transport is provided by Deer Park Station on the Ballarat/Ararat regional V/Line service, and the four bus routes also cater to the area. Industry is centred on the ORICA factory and explosives reserve on Tilburn Road.

deer park Demographic Data

$ 356,000 Median House Price

27 Minutes Average Commute

33 Median Age

16,204 Population

49.45 % Female

50.55 % Male

4359 NO OF FAMILIES

1.8 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 deer park, Victoria.

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deer park 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.

deer park Median House Prices

  • 2008 $ 230,500
  • 2009 $ 265,000
  • 2010 $ 307,000
  • 2011 $ 355,000
  • 2012 $ 356,000

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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deer park 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 deer park 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 deer park property price predictions.

deer park Market Property Types

  • 90 % Seperate House
  • 4 % Semi Detached
  • 6 % Flat or Unit
  • 0 % 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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deer park 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.

deer park Income & Mortgage Stats

  • $ 1,096 Median Weekly Household Income
  • $ 1,670 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 deer park

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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deer park 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.

deer park Sold Property Prices

deer park 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.

deer park Related Local Blog Posts

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Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

deer park Restaurants

  • Yummy India21 Westwood Dr deer park VIC 302303 8337 0760
  • Seafood LandCnr Neale And Station Roads deer park VIC 302303 9361 1775
  • Kowun Noodle and Sushi15/21 Westwood Drive deer park VIC 302303 8361 9238

deer park Cafes

  • Coffee'n All Deer ParkShop 79, 106 Neale Roaddeer park VIC 302303 9363 7763
  • Bb's DeliNeale Roaddeer park VIC 302303 9363 2844
  • The Blue Cow Deli204a Main Roaddeer park VIC 302303 9363 0893

deer park Schools

  • Deer Park Community West 822 Ballarat Roaddeer park VIC 3023(03) 9363 1811Adult Multicultural Education Service
  • St. Peter Chanel Primary School848 Ballarat Rddeer park VIC 3023(03) 9363 1586Catholic Primary School
  • Western Autistic SchoolCnr Garnet & Teague Streetsdeer park VIC 3023(03) 9337 9175Specialist School

deer park Childcare

  • ABC Learning Centre799 Ballarat Roaddeer park VIC 3023
  • Pelican Childcare79 Foleys Rddeer park VIC 3023
  • Deer Park Childrens Community Centre3 Hume Stdeer park VIC 3023

deer park Kindergarten and Preschools

  • Deer Park West KindergartenAdeline Courtdeer park VIC 3023
  • Welwyn Kindergarten44 Welwyn Paradedeer park VIC 3023
  • Westerngate Kindergarten5 Aycliffe Drivedeer park VIC 3023

deer park Sporting Centres and Clubs

  • Sassella Parkdeer park VIC 3023Athletics Club
  • Little Athletics Centres, Brimbank, Sassella Parkdeer park VIC 3023Athletics Club
  • Deer Park Clubdeer park VIC 3023Bowling Club

Find out How Much your House is Worth in deer park

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