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Doreen, VIC 3754

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$825,000

market range $775K-$1M

Median Unit

$600,000

market range $575K-$650K

Gross Yield (units)

4.4%

1yr Growth (houses)

+7.7%

market range +2.5% to +15.0%

Investment snapshot for Doreen

Doreen has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Doreen market and investor summary

Doreen (VIC 3754) runs a median house price of $825K. House prices have moved +7.7% over the past year. At 0.9% vacancy, it is a tight rental market that favours landlords.

Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking.

Living in Doreen: people, income and schools

About 27,122 people live in Doreen, and the area has been growing steadily, up about 11% over five years. The median age is 33, broadly working-age, 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.

Households here earn a median of about $112,000 a year, or roughly $2,150 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.4 times local household income, in line with much of metropolitan Australia. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.

There are 14 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 29 km from the CBD. It is fairly car-dependent; the suburb scores 30 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
27,122
+11% over 5yr
Median age
33 years
Median household income
$112,000/yr
Households renting
22%
Family households
56%
Socio-economic rank
8/10
ABS advantage index
Schools within 5km
14
avg ICSEA 1026
Unemployment
3.4%
Distance to CBD
29 km
Walk score
30/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Doreen

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Frequently asked questions about Doreen

What should I check before investing in Doreen?

Doreen 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 +7.7% 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 Doreen?

The median property price in Doreen, VIC 3754 is $825K for houses and $600K for units.

What rental yield does Doreen show?

The gross rental yield in Doreen is 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 Doreen?

House prices in Doreen are up 7.7% 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 Doreen?

The current vacancy rate in Doreen is 0.9%. 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 Doreen?

Doreen has a population of approximately 27,122 residents, with a median age of 33.

What schools are near Doreen?

There are 14 schools within roughly 5km of Doreen. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Doreen affordable to buy in?

A median house in Doreen costs about 7.4 times the median local household income (broadly in line with metropolitan Australia). 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 Doreen's population growing?

The population of Doreen has grown about 11% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Doreen from the CBD?

Doreen is about 29 km from the CBD.

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