In this buyer’s agent post, we feature a buyer advocacy analysis on the suburb Doncaster.
Buyers advocate Melbourne, Luxton Property, will explore the aspects that have made Doncaster a favourable place for family living, young couples, and millennials.
When fruit growers and orchardists settled in Doncaster in the late 19th century, Doncaster was once considered the ‘country side’. As the city of Melbourne has expanded, Doncaster has grown into a thriving retail and residential hub, while maintaining a medium density living space, surrounded by beautiful parks, schools, and sports grounds. Doncaster is located 17km to Melbourne’s East. The Eastern Freeway connects Doncaster to Melbourne city within 15 to 30 minutes (depending on traffic) and to the Mornington Peninsula in under an hour via the EastLink. Two arterial roads (Doncaster Road & Manningham Road) cross through Doncaster, providing access to the impressive Westfield Shopping Centre (on Doncaster Hill) and to all the major surrounding suburbs including Box Hill, Balwyn and Templestowe. Unfortunately, Melbourne’s first electric tram no longer operates along Tram Road (hence the name), but instead an efficient bus system allows commuters to travel within Doncaster and externally to other Melbourne suburbs. The city can be reached by bus in 30 minutes or via Box Hill Central Train Station in under 1 hour.
|Property Data for Doncaster|
|Median house price:||$1,280,000 (April 2017)||$585,000 (April 2017)|
|– Annual Capital Growth||2.46%||4.34%|
|– Average Annual Growth||10.80%||4.37%|
|– Capital Growth since 2012 (5 years)|
|– Median Advertised Rent||$495||$420|
|– Gross Rental Yield||2.06%||3.81%|
|Source: Core Logic:|
|Demographics of Doncaster|
|Municipality||City of Mannignham|
|Median household income||$1242/week|
|Median housing loan repayment||$2000/month|
|Average household size||2.6 (people)|
|Dominant country of birth||Australia|
|Percentage that work||50.70%|
|Dominant occupation||29.5% professionals, 4.8%c clerical & admin, 14.3% managers|
|Household income||20.3% earning above $1500 (weekly)|
|Dominant dwelling type||78.2% separate house|
|Source: ABS Census, 2011|
|Transport||Bus stops on Doncaster Rd, Victoria St, Wetherby Road, Elgar Rd, Williamsons Rd. Doncaster Park + Ride on Doncaster Road has express bus service into the city”|
|Popular Shopping Hubs||Westfield Shopping Centre, The Pines Shopping Centre|
|Popular Private Schools||St Gregory The Great Primary, Doncaster Primary|
|Popular Restaurants||Brunelli, Yokoyama, Ampang Tofu, Mythos House|
|Popular Attractions||Ruffey Lake Park, Aquarena Swimming Pool & Koonung Creek Tail|
Property buyers will find themselves spoilt for choice when it comes to the diversity of property options and amenities available in Doncaster. Spacious 3 to 5 bedroom houses situated on large blocks in green-leafy streets are favourable amongst young couples and families while apartments on Doncaster Hill with options of 1 to 4 bedrooms with city views have attracted the likes of millennials, investors and empty nesters. An impressive Westfield shopping centre features an exclusive shopping experience while locals can find their basic shopping needs met at The Pines Shopping Centre. Besides shopping, locals can enjoy sports activities at one of the many reserves or sport centres.
We know the intricate details of Doncaster as well as most suburbs in Melbourne’s inner East to ensure we buy the best property for our clients at the best price. The above is just a brief insight in to how thorough we are with our property research, which in turn assists our clients to make the right decision with their next purchase. You see the more information we have, the better our buying strategy. This ensures our client’s needs are always met and their expectations are always exceeded.
Image: Arial View of Doncaster (Westfield Shopping Centre) – Old vs New
Image: Doncaster Road in the early 1900s
At Luxton Property Group we specialise in purchasing property for investors and premium home buyers. You might just be starting out in the property market or be a seasoned property investor looking for an edge. The above is just a small glimpse in to what we do and how we use our local market knowledge to buy our clients the best property at the best price. We have been buying property for over a decade and have a superior buying service at a more affordable price. Request a call today to speak to one of our property buying experts for a no obligation discussion on how we can assist you with your next purchase.