donvale
3111, Victoria
Real Estate & Property Information
donvale Suburb Profile & Review
Quiet, leafy Donvale features some stunning views of the Melbourne'skyline thanks to its hilly landscape. Residents are also spoilt for choice when it comes to shopping centres Westfield Doncaster and Eastland are ten minutes away in each direction.
This family-orientated residential suburb is home to a number of schools, including the reputable Donvale Christian College, a co-ed private P-12 school. Carey Grammar School has a Junior Campus on Bulleen Road and Whitefriars College is a Catholic secondary school for boys on Park Road.
The Manningham-Donvale Indoor Sports Centre is a popular local landmark featuring a gymnasium and two basketball courts. The Eastern Freeway has an entrance and exit on Springvale Road, providing residents with an easy twenty minute journey to and from the city.
donvale Demographic Data
$ 712,000 Median House Price
27 Minutes Average Commute
42 Median Age
11,795 Population
51.53 % Female
48.47 % Male
3288 NO OF FAMILIES
1.9 AVG CHILDREN PER FAMILY
0.9 AVG MOTOR VEHICLE PER DWELLING
What this means
The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in donvale, Victoria.
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donvale Demographic Data
The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.
It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.
What this means
Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.
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donvale Market Property Types
- 85 % Seperate House
- 14 % Semi Detached
- 2 % Flat or Unit
- 0 % Other Dwelling
What this means
The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.
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donvale Market Property Types
Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.
This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.
donvale Income & Mortgage Stats
- $ 1,613 Median Weekly Household Income
- $ 2,123 Median Monthly Mortgage
What this means
This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in donvale
Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.
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donvale Income & Mortgage Stats
To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%
Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.
donvale Sold Property Prices
17/1137 Doncaster Road
163 -165 Park Road
205-213 MITCHAM ROAD
1/23 Martha Street
14 Craig Road
73 Darvall Street
donvale Real Estate Experts
In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.
donvale Related Local Blog Posts
This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….
There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?
Melbourne Auction Results 11th of September 2017 73% Clearance Rate 836 Reported Auctions Sold at Auction: 523 Passed in: 194 Sold Before: 99 Sold After: 0 Postponed 14 Source:REIV Melbourne Market Wrap March 11th September , 2017 The REIV reported 836 properties
According to Population Estimates and Forecasts report nearly one million people will be visiting Melbourne on an average weekday within the next five years
Australia’s political parties are using housing affordability as a platform to boost their popularity and polarise the community, but is this a local issue? Low interest rate cycles globally have pushed asset prices up, so how will this affect our market?
The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.
donvale Restaurants
- Tavola Restaurant and Cafe2/72 Tunstall Roaddonvale VIC 311103 9841 9988
- Tavola2/72 Tunstall Roaddonvale VIC 311103 9841 9988
- Pellegrino Pizza & Pasta1/75 Mitcham Roaddonvale VIC 311103 9873 5842
donvale Cafes
- Tavola Restaurant and Cafe2/72 Tunstall Roaddonvale VIC 311103 9841 9988
- Tavola2/72 Tunstall Roaddonvale VIC 311103 9841 9988
donvale Schools
- Whitefriars College156 Park Roaddonvale VIC 3111(03) 9872 8200Catholic Secondary School
- Our Lady of the Pines Primary School77 Carbine Streetdonvale VIC 3111(03) 9842 2991Catholic Primary School
- Heatherwood School370-380 Springvale Roaddonvale VIC 3111(03)Ê 9842 8319 Specialist School
donvale Childcare
- ABC Learning Centre11 Mitcham Roaddonvale VIC 3111
- Panoramic HeightsAranga Crdonvale VIC 3111
- Donvale Living & Learning Centre283 Springvale Roaddonvale VIC 3111
donvale Kindergarten and Preschools
- Carey Grammar Preschool9 Era Ctdonvale VIC 3111
- Donvale Preschool7 Florence Avenuedonvale VIC 3111
- Montessori Early Education Ctr36A Mitcham Roaddonvale VIC 3111
donvale Sporting Centres and Clubs
- Donvaledonvale VIC 3111Bowling Club
- Donvale Sports Clubdonvale VIC 3111
- Donvale Pony Club & Adult Riding Clubdonvale VIC 3111Horse Riding Club
donvale Retirement Villages
- Donvale Villagedonvale VIC 3111
- Greenviewdonvale VIC 3111
- Maple Risedonvale VIC 3111
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