Diamond Creek

Diamond Creek, VIC 3089 is a family-friendly suburb with a population of approximately 12,503 residents. The area has a diverse age range, with a significant number of residents aged between 5 to 19 years and 45 to 64 years. The suburb offers a good balance of housing options and has a high percentage of residents working in managerial, professional, and trade occupations. Commute times are reasonable, with a notable portion of residents working from home. For house investors, Diamond Creek presents potential opportunities with a sizeable number of properties available. The high market absorption rate indicates strong demand which may lead to potential growth in property prices. With a low vacancy rate and decent rental yields, the suburb is favourable for investors seeking rental properties. House prices have shown steady growth over the past decade. For unit investors, although the numbers are lower, the market absorption rate is 100%, indicating high demand. The suburb is suitable for investors interested in units with a good rental yield. Diamond Creek, VIC 3089 offers a family-friendly environment with good housing options and a diverse demographic profile. The suburb provides investment opportunities for both house and unit investors, with strong demand and potential for capital growth. The suburb's convenient commute options and the high percentage of residents working from home add to its appeal for both homeowners and investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022