Get a property report and suburb profile for any property in Derrimut

Derrimut is an outer-west Melbourne suburb where working industrial precincts sit alongside pockets of residential streets, giving it a practical, no-nonsense character. Homes range from older single-storey houses to newer brick townhouses, and the community of 8,651 people has a median age of 32. Families are prominent, with couple families making up 84.0% of reported families, and most dwellings are owner-occupied (77.7%).

Everyday life is oriented around commuting and convenience, with major road links, the 400 bus route and nearby Deer Park rail access, plus local shops, sporting fields and small reserves. Balmoral Park has been upgraded with a playground including a 6 metre bird’s nest tower, nature-play features, a picnic shelter and barbecue, fitness stations and a public toilet, with a half-size basketball/netball court planned. Local schooling includes Derrimut Primary School, established under the PPP schools program, and St Lawrence Primary School. Whether Derrimut suits you will come down to how much you value proximity to work, family-sized housing and practical local amenities.

A median house in Derrimut is currently $795,000. With the suburb's median household income recorded at the last Census as $2,272 a week (about $118,144 a year), that price is roughly 6.7 times a typical local annual household income, placing buying well above local incomes.

House rents average $600 a week, which is about 26.4% of a typical local household's weekly income at the last Census, a moderate share. On these figures, renting looks more manageable than buying in Derrimut.

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

Over the past year house values in Derrimut climbed a solid 9.1%, while house rents rose a more modest 3.4%. That means the capital value side of the house market has been the stronger performer this year, and the rent a house earns has increased more slowly. Which of those outcomes matters to you will depend on whether you are prioritising capital growth or rental income.

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.