Town by town snapshot: Mt Duneed

October 29, 2020 BY

The size of Mount Duneed is approximately 46.2 square kilometres with the population of Mount Duneed being 622 in 2011 and by the 2016 Census the population was 1,574 showing a population growth of 153.1% in the area during that time.

With significant growth since the last Census, the population would be more likely to have surpassed 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 currently underway 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.

This 4 bedroom Mount Duneed home built in 2018 has sold recently for $565,000 which sits close to the current median house price for this area.

In 2011, 81.7% of the homes in Mount Duneed were owner-occupied compared with 84.1% in 2016.

Currently the median sales price of houses in the area is $570,000.

TIDBIT: There were over 1,360 land sales in Mount Duneed between 2015 and 2020

Snapshot:

Population: 1,574

Male: 50%

Female: 50%

Median age: 32

5 year population change: 153.1%

Median house price: $570,000

Change in Median Price: (5yrs) is 38%

Median asking rent per week: $432

Average length of ownership: 5 years

Owner occupiers: 85%

Renters: 15%

Historic median house price:

July 2020: $570,000

July 2019: $550,000

July 2018: $526,500

July 2017: $449,950

July 2016: $415,000

House sales per annum:

Period ending July 2020: 65

Period ending July 2019: 57

Land median sale price:

July 2020: $273,500

July 2019: $274,000

Land sales per annum:

Period ending July 2020: 103

Period ending July 2019: 143

 

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