Deepdene

Deepdene, VIC 3103, is a suburb with a population of 2,101 residents. It has a diverse age range, with a significant number of residents aged 45 to 64 and aged 65 or over. The suburb offers good commuting options, with a high percentage of residents using motor vehicles and public transport. Work from home is also a popular option for residents. There is a high educational advantage for students in government schools in the area. For house investors, Deepdene offers potential for renovation opportunities with a relatively high saleprice IQR ratio. However, the negative median growth rate might lead to lower returns in the short term. For unit investors, the suburb has a moderate saleprice IQR ratio and a low vacancy rate, indicating stable rental demand. The affordability index for units is low, potentially attracting budget-conscious investors. Deepdene, VIC 3103, is a suburb with a diverse demographic profile and good commuting options. It offers opportunities for both house and unit investors, with different investment dynamics to consider based on the median growth rates and affordability indices for each property type. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022