Town by Town Snapshot: Mount Duneed

April 16, 2020 BY

This three-bedroom Mount Duneed home built in 2016 sold recently for $570,000.

The size of Mount Duneed is about 46.2 square kilometres with the once semi-rural suburb now transitioning to a popular residential suburb within the Armstrong Creek West Growth Corridor.

The population of Mount Duneed in 2011 was 622 people and by the 2016 Census the population was 1,574, showing growth of 153.1 per cent in the area during that time.
With significant growth since the last Census, the population would more likely to be moving to surpass 5,000 with both Villawood’s Armstrong and Warralily’s Grange 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 around 22,000 residential homes, and to provide 22,000 jobs, with a focus on high technology jobs and developing synergies with Deakin University.
The Major Activity Centre now under construction on the Surf Coast Highway will also provide significant employment across the area, which will be also supported by schools and community facilities.
CoreLogic data indicates that the 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 $1,800-$2,399 per month on mortgage repayments, and in general, people in Mount Duneed work in a professional occupation.
In 2011, 81.7 per cent of the homes in Mount Duneed were owner-occupied compared with 84 per cent in 2016.

Population: 1,574

Male: 50%

Female: 50%

Median age: 32

5 year population change: 153.1%

Median house price: $557,000

Change in Median Price: (5yrs) is 38.2%

Median asking rent per week: $440

Average length of ownership: 5 years

Owner occupiers: 85%

Renters: 15%

Historic median house price:

December 2019: $557,000

December 2018: $550,000

December 2017: $455,000

December 2016: $415,000

December 2015: $402,000

House sales per annum:

Period ending December 2019: 59

Period ending December 2018: 75

Land median sale price:

December 2019: $287,000

December 2018: $262,000

Land sales per annum:

Period ending December 2019: 29

Period ending December 2018: 124

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