Town snapshot – Mount Duneed

Town Profile: Mount Duneed

The size of Mount Duneed is about 46.2sqkm with the population of Mount Duneed recorded at 1,574 in 2016 and by the 2021 Census the population was 6,182 showing a population growth of 293% in the area during that time.

With significant growth in recent years the population of Mount Duneed has surpassed 6,000 with both Villawood and Warralily Estates proving popular with home buyers.

The vision for the whole Armstrong Creek growth area is to provide housing for between 55,000 to 65,000 people which is estimated to be about 22,000 residential homes, and to provide 22,000 jobs, with a focus on high technology jobs and developing synergies with Deakin University.

The nearby Armstrong Creek Town Centre on the Surf Coast Highway is now up and running providing significant employment across the area which will be also supported by schools, community facilities and public transport.

New national brand businesses continue to come on board in Mount Dunneed, including KFC, Dan Murphy’s, Hungry Jacks and many more.

CoreLogic data indicates that predominant age group in Mount Duneed is 20-29 years with households in Mount Duneed being primarily couples with children and are likely to be repaying on average $1,983 per month on mortgage repayments, and in general, people in Mount Duneed work in a professional or trades occupation.

TIDBIT:

The recorded history of Mount Duneed, originally called Mount Direction, began when Dr Alexander Thomson established a large run stretching from Geelong to Barwon Heads and Torquay

Population: 6,182

Male: 48.3%

Female: 51.7%

Median age: 32

5 year population change: 153.1%

House median sales price: $700,000

Change in median price: (5yrs) 24%

Median asking rent per week: $540

Average length of ownership: 5.3 years

Owner occupiers: 85%

Renters: 15%

House median value:

November 2024: $745,500

November 2023: $752,400

November 2022: $780,000

November 2021: $775,600

November 2020: $624,200

House sales per annum:

Period ending November 2024: 201

Period ending November 2023: 132

Land median sale price:

November 2024: $365,900

November 2023: $345,000

Land sales per annum:

Period ending November 2024: 84

Period ending November 2023: 86