Question 1

Is Deanside a nice place to live?

Accepted Answer

Deanside is a relatively new outer-west Melbourne suburb in the Melton growth corridor. It is a master-planned neighbourhood of contemporary detached houses on modest lots, with parks, playgrounds and walking trails stitched through residential pockets and rural paddocks still visible on the edges. The suburb appeals to young families and buyers seeking new construction and nearby school and childcare options.

With a population of 654 and a median age of 29, the community is weighted towards families and most homes are owner-occupied. Motorists mainly use the Western Freeway and connecting arterials, while regional rail stations are a short drive away, and local shopping and services are found in nearby established centres. Recent transport work added new school-bus stops and an additional bus link to train stations, and a new Deanside Children’s and Community Centre is planned to add kindergarten places, maternal and child health rooms and multipurpose community spaces. Whether it suits you depends on what you’re after in a suburb.

Question 2

Is it expensive to live in Deanside?

Accepted Answer

Buying a house in Deanside works out to about six times a typical local household's annual income at the last Census, which puts buying well above what people locally earned then. Renting looks more moderate: at $500 a week, house rent would take about 22.6% of a typical local household's weekly income at the last Census, a moderate share.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Deanside a good place to invest?

Accepted Answer

House values in Deanside edged up 0.7% over the past 12 months, a slight increase in capital value. There isn't enough recent data to report 12-month movements for unit values or for rents, so this house-value change is the only market movement available for assessment.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$685K	N/A
Change in value Past 12 months	0.7%	N/A
Sold Past 3 months	74	N/A
Median days on market Past 12 months	68	N/A
Average rent Past 12 months	$500	N/A
Change in rent Past 12 months	N/A	N/A

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