doreen

3754, Victoria

Real Estate & Property Information

Median
Price Rank
280

doreen Suburb Profile & Review

A comfortable, picturesque new area perfect for gardening aficionados, Doreen is a family-friendly township located only forty-five minutes from the city. Families with young children have the benefit of two primary schools and two respected private schools, Ivanhoe Grammar School Plenty Campus and Plenty Valley Christian College, which are located within Doreen itself. Several other schools are also available in nearby Mernda.

The Laurimar Town Shopping Centre boasts a Woolworths supermarket and twenty-two other specialty stores, while Greensborough Plaza is a short fifteen minute drive along Yan Yean Road. Suburban bus services depart from Doreen to Greensborough and Mill Park. Due to the rapid growth of both Doreen and Mernda an extension of the South Morang line to Mernda has been proposed; however, no plans have been finalised at this stage.

Recreation lovers can enjoy Yarrambat Park Golf Course, a showpiece in the Melbourne golfing community five minutes from the Doreen centre. With its breathtaking views of Plenty Gorge Park and Yan Yean Reservoir, Doreen is a peaceful and relaxing place to call home.

doreen Demographic Data

$ 464,900 Median House Price

45 Minutes Average Commute

30 Median Age

11,276 Population

50.36 % Female

49.64 % Male

3174 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 doreen, Victoria.

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doreen 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.

doreen Median House Prices

  • 2008 $ 380,000
  • 2009 $ 369,000
  • 2010 $ 362,665
  • 2011 $ 415,000
  • 2012 $ 464,900

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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doreen 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 doreen 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 doreen property price predictions.

doreen Market Property Types

  • 100 % Seperate House
  • 0 % Semi Detached
  • 0 % 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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doreen 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.

doreen Income & Mortgage Stats

  • $ 1,793 Median Weekly Household Income
  • $ 2,167 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 doreen

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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doreen 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.

doreen Sold Property Prices

doreen 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.

doreen 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?

doreen Restaurants

  • Uday Indian Restaurant10 /95 Hazel Glen Dr doreen VIC 375403 9717 0277
  • O'Sole Mio Pizza11/100a Hazel Glen Dr doreen VIC 375403 9717 6187
  • Debba's Fish and Chips95 Hazel Glen Dr doreen VIC 375403 9717 6511

doreen Cafes

  • Eliza Billie Hazel Glen Drive, Doreendoreen VIC 375403 9717 6108
  • Le Rocky89 Eliot Avenuedoreen VIC 37541300 298 788
  • Bean About12k/95 Hazel Glen Drivedoreen VIC 375403 9717 2286

doreen Schools

  • Ivanhoe Grammar School Plenty Campus730 Bridge Inn Rddoreen VIC 3754(03) 9490 1877Private School
  • Plenty Valley Christian College840 Yan Yean Roaddoreen VIC 3754(03) 9717 7400Private School
  • Doreen Primary SchoolDoctors Gully Roaddoreen VIC 3754(03) 9717 3563State Primary School

doreen Childcare

  • Laurimar Child Care & Kinder35 Flaxen Hills Rddoreen VIC 3754

doreen Kindergarten and Preschools

  • Eltham College Kids35 Flaxen Hills Rddoreen VIC 3754
  • Laurimar Child Care & Kinder35 Flaxen Hills Rddoreen VIC 3754

doreen Sporting Centres and Clubs

  • Doreendoreen VIC 3754Tennis Club & Courts

Find out How Much your House is Worth in doreen

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