Question 1

Is Deepdene a nice place to live?

Accepted Answer

Deepdene is a small, leafy inner-eastern suburb in Boroondara with a quietly residential, well established feel. Many streets feature a mature tree canopy and a mix of Victorian terraces and interwar bungalows alongside sympathetic contemporary renovations, so the streetscape blends old charm with modern updates. The former Outer Circle railway corridor runs through the suburb and serves as a popular walking and cycling trail, and local life centres on calm neighbourhood streets, nearby village shopping strips and cafés. There is straightforward access to public transport and parks.

The community of 2,101 has a median age of 46 and a median household income of $2,243 a week. Households are heavily weighted towards couples—couple families with children 46.0% and couple families without children 39.8%—and most homes are owner-occupied (78.5% combined). Recent upgrades have refreshed the preschool and primary school facilities, improving early childhood and school amenities. If you want an established, leafy suburb with local shops, trails and nearby school facilities, Deepdene could suit; whether it feels right will come down to your priorities.

Question 2

Is it expensive to live in Deepdene?

Accepted Answer

Rents in Deepdene sit differently by property type. The average house rent of $1,050 a week would take about 46.8% of a typical local household's weekly income at the last Census, a large share. The average unit rent of $613 a week would take about 27.3% of that income, a moderate share.

If you're renting rather than buying, unit rents look less stretched against what a typical local household earned at the last Census; whether those shares feel expensive depends on your own circumstances.

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 Deepdene a good place to invest?

Accepted Answer

Over the past 12 months in Deepdene the median house value fell 10.1% — a large decline in what houses are worth. Unit rents rose 3.0% over the same period, a modest increase in the rent units command. For someone weighing Deepdene up as an investment, the figures show houses experienced negative capital growth while unit rental income edged up; which of those matters to you will depend on your own priorities and circumstances.

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	N/A	N/A
Change in value Past 12 months	-10.1%	N/A
Sold Past 3 months	10	5
Median days on market Past 12 months	42	N/A
Average rent Past 12 months	$1050	$613
Change in rent Past 12 months	N/A	3.0%

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