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Deer Park, VIC 3023
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$710,000
market range $650K-$825K
Median Unit
$570,000
market range $525K-$600K
Gross Yield (houses)
3.8%
1yr Growth (houses)
+6.4%
market range +2.5% to +15.0%
Investment snapshot for Deer Park
Deer Park has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Deer Park market and investor summary
Deer Park (VIC 3023) runs a median house price of $710K, with houses yielding a gross 3.8%. House prices have moved +6.4% over the past year. At 1.6% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Deer Park: people, income and schools
Deer Park is home to around 18,145 people, a number that has held fairly steady over five years. The median age is 35, broadly working-age.
Households here earn a median of about $76,000 a year, or roughly $1,460 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 9.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 53 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 18 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 50 for walkability and 78 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 18,145
- +3% over 5yr
- Median age
- 35 years
- Median household income
- $76,000/yr
- Households renting
- 31%
- Family households
- 49%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 53
- avg ICSEA 1002
- Unemployment
- 5.4%
- Distance to CBD
- 18 km
- Walk score
- 50/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Deer Park
View all →Frequently asked questions about Deer Park
What should I check before investing in Deer Park?
Deer Park has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.4% gives a usable rent-to-price starting point. Capital growth of +6.4% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Deer Park?
The median property price in Deer Park, VIC 3023 is $710K for houses and $570K for units.
What rental yield does Deer Park show?
The gross rental yield in Deer Park is 3.8% for houses and 4.4% 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 Deer Park?
House prices in Deer Park are up 6.4% 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 Deer Park?
The current vacancy rate in Deer Park is 1.6%. 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 Deer Park?
Deer Park has a population of approximately 18,145 residents, with a median age of 35.
What schools are near Deer Park?
There are 53 schools within roughly 5km of Deer Park. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Deer Park affordable to buy in?
A median house in Deer Park costs about 9.4 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 Deer Park's population growing?
The population of Deer Park has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Deer Park from the CBD?
Deer Park is about 18 km from the CBD.
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