diamond creek

3089, Victoria

Real Estate & Property Information

Median
Price Rank
238

diamond creek Suburb Profile & Review

Once at the centre of a gold rush, Diamond Creek remains a lively outer northern suburb. It boasts its own train station on the Hurstbridge line, and a large modern retail precinct, Diamond Creek Shopping Centre, which features specialty shops such as Coles, Subway and Flight Centre.

Along Main Street you will stumble across charming cafes, bars and bakeries such as Creeks cafe, Nillumbik Cellars and Madeleine's Bakery. A short ten minute drive along Diamond Creek Road will lead you to Greensborough Plaza with its abundance of shopping, eateries and entertainment.

Five schools, including Diamond Valley College and Plenty Valley Montessori School, service Diamond Creek and the surrounding rural areas. The Diamond Creek Community Centre provides residents with space for basketball, group fitness classes, child care, community classes and both public and private functions.

diamond creek Demographic Data

$ 515,000 Median House Price

38 Minutes Average Commute

36 Median Age

11,504 Population

50.82 % Female

49.18 % Male

3171 NO OF FAMILIES

2.0 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 diamond creek, Victoria.

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diamond creek 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.

diamond creek Median House Prices

  • 2008 $ 401,000
  • 2009 $ 422,500
  • 2010 $ 440,000
  • 2011 $ 515,000
  • 2012 $ 515,000

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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diamond creek 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 diamond creek 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 diamond creek property price predictions.

diamond creek Market Property Types

  • 95 % Seperate House
  • 3 % Semi Detached
  • 3 % 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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diamond creek 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.

diamond creek Income & Mortgage Stats

  • $ 1,861 Median Weekly Household Income
  • $ 1,950 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 diamond creek

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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diamond creek 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.

diamond creek Sold Property Prices

diamond creek 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.

diamond creek Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

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?

diamond creek Restaurants

  • Ying's Noodle Cafe67 Main Hurstbridge Rddiamond creek VIC 308903 9438 3288
  • Yellowtail Fish & Chip Shop3/75 Main Hurstbridge Rd diamond creek VIC 308903 9438 2507
  • Narai Thai Diamond Creek8/72 Main Hurstbridge Road diamond creek VIC 308903 9438 3889

diamond creek Cafes

  • Diamond Creek Deli67 Main Hustbridge Rd diamond creek VIC 308903 9438 6278
  • Creek's Cafe Bar and Restaurant29-35 Chute Streetdiamond creek VIC 308903 9438 3777
  • Ying's Noodle Cafe67 Main Hurstbridge Roaddiamond creek VIC 308903 9438 3288

diamond creek Schools

  • Sacred Heart Primary School25 Gipson Streetdiamond creek VIC 3089(03) 9438 1590Catholic Primary School
  • Diamond Valley Special Developmental School 14 Brentwick Drivediamond creek VIC 3089(03) 9432 1022Specialist School
  • Diamond Creek Primary SchoolClyde Streetdiamond creek VIC 3089(03) 94381108State Primary School

diamond creek Childcare

  • Sutherlands CC & ELC347 Diamond Creek Rddiamond creek VIC 3089
  • Diamond Creek CCC94 Main Hurstbridge Rddiamond creek VIC 3089
  • Diamond Creek ELC104 Main Hurstbridge Rddiamond creek VIC 3089

diamond creek Kindergarten and Preschools

  • Diamond Creek East PreschoolConiston Streetdiamond creek VIC 3089
  • Diamond Creek Memorial Preschool11 Collins Stdiamond creek VIC 3089
  • Ness Reserve PreschoolNess Stdiamond creek VIC 3089

diamond creek Sporting Centres and Clubs

  • Diamond Creekdiamond creek VIC 3089Skate Park Facility
  • Diamond Creek Forcediamond creek VIC 3089Netball Club
  • Diamond Valley Pony Clubdiamond creek VIC 3089Horse Riding Club

diamond creek Retirement Villages

  • Care Lifediamond creek VIC 3089

Find out How Much your House is Worth in diamond creek

Request a free market Basic Report for diamond creek 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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