Thinking about buying in Deepdene? Now could not be a better time, with just 60 residential dwellings it's a highly sought after location.
The average property price for this area is $922,000 with prices in this suburb ranging from $656,000 to $1,674,000.
Deepdene is located near the coast as well as views of the ocean, demand is likely to be high
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Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Deepdene ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Deepdene classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Deepdene requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|30 GORDON ST, DEEPDENE, VIC, 3103||4||2||2||$3,480,000 - $3,580,000|
|5 CRESWICK ST, DEEPDENE, VIC, 3103||4||1||2||$3,300,000 - $3,500,000|
|940 BURKE RD, DEEPDENE, VIC, 3103||5||2||3||Sale|
|UNIT 1, 119-135 WHITEHORSE RD, DEEPDENE, VIC, 3103||2||2||1||Sold|
Karridale Primary School(While the above schools are located with the suburb of Deepdene there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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