All About Deepdene, Boroondara, VIC, 3103

Deepdene, located within the prestigious Boroondara area in Melbourne, Victoria, is an affluent suburb known for its charming streetscapes and stately homes, reflecting the classic elegance and prosperity associated with the region. The housing market in Deepdene is characterised by high demand and limited supply, as the suburb's desirability often outweighs the number of properties available for sale or rent. Prospective buyers and investors are drawn to the area for its beautiful period homes, often featuring Edwardian and Victorian architectural styles, although modern townhouses and luxury apartments have been increasingly added to the mix. This blend of classic and contemporary housing options offers a diverse range of choices for different buyer profiles, from families seeking a forever home to professionals looking for a sophisticated urban sanctuary. The suburb's real estate market is buoyed by its proximity to prestigious schools, parks, and the bustling Camberwell shopping precinct, as well as quick access to Melbourne's CBD.

Living in Deepdene provides residents with a unique combination of tranquility and convenience. The suburb's tree-lined streets and well-maintained parks contribute to a serene environment, ideal for families and retirees alike. High-quality amenities, including several top-rated schools such as Deepdene Primary School and the nearby private education institutions, ensure that the suburb remains a sought-after residential location for those prioritizing education. The sense of community is strong, with local events and activities fostering a friendly neighborhood atmosphere. Despite its peaceful setting, Deepdene's strategic location offers easy access to vibrant shopping districts, cafes, and restaurants, alongside efficient public transportation options that ensure seamless connectivity to the broader Melbourne area. Overall, Deepdene offers a harmonious blend of suburban calm and urban accessibility, making it a highly desirable place to live.

Deepdene Real Estate Market Outlook

Thinking about buying in Deepdene? Now could not be a better time, with 1248 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $3,568,000 with prices in this suburb ranging from $565,000 to $17,415,000. Deepdene is located fairly close to the coast at just 9Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Deepdene ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Deepdene classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Deepdene requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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