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Deepdene, VIC 3103
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$3,300,000
market range $2.8M-$3.4M
Median Unit
$970,000
market range $875K-$1M
Gross Yield (houses)
1.9%
1yr Growth (houses)
-11.9%
market range -20.0% to -2.5%
Investment snapshot for Deepdene
Deepdene has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Deepdene market and investor summary
In Deepdene, VIC 3103, the median house sells for around $3.3M, on a gross rental yield of 1.9% for houses. House prices have moved -11.9% over the past year. At 1.9% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.9% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Deepdene: people, income and schools
Deepdene has a resident population of roughly 2,101, a number that has held fairly steady over five years. At a median age of 46, it reads as skewed a little older, and 78% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $117,000 a year (about $2,240 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 28.3 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 36% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 82 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Deepdene sits about 9.1 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 75 for walkability and 99 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 2,101
- -1% over 5yr
- Median age
- 46 years
- Median household income
- $117,000/yr
- Households renting
- 22%
- Family households
- 53%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 82
- avg ICSEA 1181
- Unemployment
- 3.0%
- Distance to CBD
- 9.1 km
- Walk score
- 75/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Deepdene
View all →Frequently asked questions about Deepdene
What should I check before investing in Deepdene?
Deepdene has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.9% vacancy) gives landlords pricing power and low rental downtime. Walkability score of 75 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Deepdene?
The median property price in Deepdene, VIC 3103 is $3.3M for houses and $970K for units.
What rental yield does Deepdene show?
The gross rental yield in Deepdene is 1.9% for houses and 3.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Deepdene?
House prices in Deepdene are down 11.9% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Deepdene?
The current vacancy rate in Deepdene is 1.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Deepdene?
Deepdene has a population of approximately 2,101 residents, with a median age of 46.
What schools are near Deepdene?
There are 82 schools within roughly 5km of Deepdene. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Deepdene affordable to buy in?
A median house in Deepdene costs about 28.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Deepdene's population growing?
The population of Deepdene has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Deepdene from the CBD?
Deepdene is about 9.1 km from the CBD.
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