donnybrook

3064, Victoria

Real Estate & Property Information

Median
Price Rank
341

donnybrook Suburb Profile & Review

Donnybrook is a small township located ten minutes north of Craigieburn. The area is best known for the Donnybrook Mineral Spring, the oldest sparkling water spring in Victoria. The Donnybrook Spa Picnic Park is a large recreational area surrounding the spring featuring barbeque facilities, five different sets of playground equipment, a kiosk and horse and cart rides on weekends. The Hume Freeway in the west of the suburb provides swift forty minute access to the inner city.

Cheese lovers adore the Donnybrook Farmhouse Cheese Factory on Donnybrook Road, where they can indulge in tastings and an on-site cafe, while the Donnybrook Springs Hotel is popular for its quality pub meals. Residents complete most of their shopping in Craigieburn, where there are supermarkets, cafes and takeaway shops. The closest schools to the area can be found in Craigieburn and Roxburgh Park.

Donnybrook Station is primarily serviced by V/Line trains on the Seymour line. Trains travel all the way to Southern Cross Station, where travellers can then connect to the city loop and a variety of other country routes. An expansive new housing development is planned for the corner of Donnybrook Road and the Hume Highway, which is sure to add to the area's population. It is expected that 7,000 new homes will be built there.

donnybrook Demographic Data

$ 410,000 Median House Price

37 Minutes Average Commute

46 Median Age

337 Population

45.10 % Female

54.90 % Male

100 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 donnybrook, Victoria.

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donnybrook 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.

donnybrook Median House Prices

  • 2008 $ 305,000
  • 2009 $ 327,000
  • 2010 $ 355,000
  • 2011 $ 400,000
  • 2012 $ 410,000

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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donnybrook 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 donnybrook 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 donnybrook property price predictions.

donnybrook Market Property Types

  • 95 % Seperate House
  • 3 % Semi Detached
  • 0 % Flat or Unit
  • 3 % 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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donnybrook 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.

donnybrook Income & Mortgage Stats

  • $ 1,458 Median Weekly Household Income
  • $ 1,600 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 donnybrook

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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donnybrook 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.

donnybrook Sold Property Prices

donnybrook 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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donnybrook Restaurants

  • Monteleone Resturant915 Donnybrook Rddonnybrook VIC 306403 9745 2315
  • Donnybrook Hotel825 Donnybrook Road donnybrook VIC 306403 9745 2380

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