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Deanside suburb profile

Deanside is a rapidly developing suburb located in Melbourne's western corridor, offering a blend of modern living and natural landscapes. Situated approximately 30km from Melbourne's CBD, Deanside is part of the growth area known for its planned communities and infrastructure development. The suburb is characterized by its open spaces, parks, and emerging residential estates, making it an attractive option for families and first-home buyers. With ongoing investment in amenities, schools, and transport links, Deanside is poised to become a vibrant community hub, balancing urban convenience with a suburban lifestyle.

Deanside property market performance

Deanside's property market has shown modest growth over the past 12 months, with house values increasing by 3.2%. The current median house price stands at $685,000. The unit market remains largely inactive, with no significant sales or price changes reported.

In terms of sales activity, 65 houses were sold over the last 12 months, while only one unit transaction was recorded, indicating a strong preference for houses in the area. Houses are spending a median of 64 days on the market, suggesting a steady demand.

The rental market in Deanside has remained stable, with the average rent for houses at $500 over the past year and no change in rental prices. The unit rental market remains inactive, reflecting the limited activity in unit sales.

HousesUnits
Median price
Past 3 months
$690KN/A
Change in value
Past 12 months
3.9%N/A
Sold
Past 3 months
74N/A
Median days on market
Past 12 months
67N/A
Average rent
Past 12 months
$500N/A
Change in rent
Past 12 months
N/AN/A

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Deanside demographics

Deanside, a burgeoning suburb in Melbourne's west, is characterized by its youthful and family-oriented community. With a median age of 29, it attracts young families and professionals seeking a fresh start in a developing area. The suburb's population of 654 is steadily growing as new housing developments continue to emerge, offering modern living spaces and a sense of community.

The family structure in Deanside is predominantly composed of couple families with children, accounting for 55.4% of the households. This highlights the suburb's appeal to families looking for a supportive environment to raise children. Additionally, 24.3% of households are couple families without children, while 18.1% are one-parent families, indicating a diverse family demographic.

In terms of property ownership, a significant 62% of homes are owned with a mortgage, reflecting the suburb's appeal to first-time homebuyers and young families investing in their future. Meanwhile, 13.5% of properties are owned outright, and 24.5% are rented, providing a mix of stability and flexibility for residents. Deanside's median total household income of $2210 per week suggests a relatively comfortable standard of living, making it an attractive option for those seeking affordability without compromising on quality of life.

Suburbs near Deanside

Some popular suburbs near Deanside include:

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