Is Deer Park a nice place to live?

Deer Park is a western Melbourne suburb with a working fringe character, local shopping strips and parkland beside Kororoit Creek. Couples with children are the largest family group and most homes are owner-occupied; the median age is 35. It has green reserves, community facilities and compact retail centres, and commuter rail services and frequent buses link to broader western Melbourne. The Level Crossing Removal Project removed the Mt Derrimut Road level crossing and the new Deer Park Station opened with two elevated platforms featuring lifts, ramps and stairs.

Is it expensive to live in Deer Park?

On the figures for Deer Park, a typical local household earned about $1,456 a week at the most recent Census. With houses renting for $500 a week, that would take roughly 34% of a typical local household's weekly income; units at $450 a week would take about 31%. Looking at buying, the median house price of $695,000 works out to about 9.2 times a typical local annual household income, so purchasing sits well above what local households earned at the last Census. If you're renting rather than buying, the rent share is the number that matters most. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Deer Park a good place to invest?

An 11.2% rise in Deer Park unit values over the twelve months to date is the most striking movement, while house values rose a solid 7.0%. Unit rents grew a modest 3.4%, so on units capital growth outpaced rental income over that period. 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.

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Deer Park suburb profile

Deer Park is a western Melbourne suburb with a working fringe character, anchored by established streets, local shopping strips and pockets of parkland beside Kororoit Creek. The suburb presents a quiet, everyday rhythm where green reserves and community facilities sit alongside compact retail centres.

Housing mixes mid-century weatherboard and brick cottages with more recent low-rise subdivisions, often with generous yards and mature trees. Commuter rail services and frequent buses link to broader western Melbourne, while nearby industrial and commercial areas provide a practical base for employment and everyday services.

Deer Park property market performance

Current median dwelling price$630,000Past 3 months

Property growth+9.1%Past 12 months

Deer Park's median house price is $695,000, up 7.0% over the last 12 months, a solid rise. It reads as a house market; too few units have sold recently for a reliable unit median to be published. Houses and units sold in much the same time, with medians of 18 and 20 days respectively.

In Deer Park, unit rents rose a modest 3.4% over the last 12 months; the average house rent is $500 a week.

	Houses	Units
Median price Past 3 months	$695K	N/A
Change in value Past 12 months	7.0%	11.2%
Sold Past 3 months	49	3
Median days on market Past 12 months	18	20
Average rent Past 12 months	$500	$450
Change in rent Past 12 months	N/A	3.4%

5 year median price trend for houses and units

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Deer Park demographics

Deer Park is a community where couples with children are the largest family group and most homes are owner-occupied.

The median age is 35 and the median household income is $1,456 a week. At the 2021 Census, 18,145 people lived in Deer Park.

Deer Park and Victoria

	Suburb	VIC
Median age years	35	38
Median household income weekly	$1,456	$1,759
Couples with children share of families	47.3%	45.5%
Couples without children share of families	29.3%	37.6%
One-parent families share of families	20.8%	15.2%
Homes owned outright share of homes	32.0%	33.2%
Homes with a mortgage share of homes	37.5%	37.3%
Homes rented share of homes	30.5%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Deer Park infrastructure, key developments and investment opportunities

Deer Park's Mt Derrimut Road level crossing was removed and the new Deer Park Station opened in 2023 as part of the Level Crossing Removal Project, with two elevated platforms featuring lifts, ramps and stairs. The suburb also had the Robinsons Road level crossing removed in 2022 by constructing a road underpass beneath the rail line.

Suburbs near Deer Park

Some popular suburbs near Deer Park include:

How does Deer Park compare to nearby suburbs?

Median house prices: Deer Park’s median house price is 2.2% higher than Albanvale’s.
House price growth: Over the past 12 months, house prices in Deer Park have grown 2.5% higher than in Burnside.
Unit price growth: Over the past 12 months, unit prices in Deer Park have grown 12.7% higher than in Cairnlea.
Selling speed for houses: Properties in Deer Park are selling 33.3% faster than in Cairnlea.
Selling speed for units: Properties in Deer Park are selling 42.9% faster than in Cairnlea.
Investment considerations: In Deer Park, the rental yield for house is 21.4% lower than the Melbourne average, while the rental yield for units is 24.4% lower.
House price growth: Over the past 12 months, house prices in Deer Park have grown 31.2% lower than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Deer Park have grown 4.4% lower than the average rate of growth for units across Melbourne.

Common questions about Deer Park

Is Deer Park a nice place to live?
Deer Park is a western Melbourne suburb with a working fringe character, local shopping strips and parkland beside Kororoit Creek.

Couples with children are the largest family group and most homes are owner-occupied; the median age is 35. It has green reserves, community facilities and compact retail centres, and commuter rail services and frequent buses link to broader western Melbourne. The Level Crossing Removal Project removed the Mt Derrimut Road level crossing and the new Deer Park Station opened with two elevated platforms featuring lifts, ramps and stairs.
Is it expensive to live in Deer Park?
On the figures for Deer Park, a typical local household earned about $1,456 a week at the most recent Census. With houses renting for $500 a week, that would take roughly 34% of a typical local household's weekly income; units at $450 a week would take about 31%.

Looking at buying, the median house price of $695,000 works out to about 9.2 times a typical local annual household income, so purchasing sits well above what local households earned at the last Census. If you're renting rather than buying, the rent share is the number that matters most.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Deer Park a good place to invest?
An 11.2% rise in Deer Park unit values over the twelve months to date is the most striking movement, while house values rose a solid 7.0%. Unit rents grew a modest 3.4%, so on units capital growth outpaced rental income over that period.

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.

Choose the right real estate agents in Deer Park

In Deer Park ,103 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 36.5% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.99% and 2.62%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.