Atlaso rates Diamond Creek houses as HOLD. Average growth outlook. Vacancy is extremely tight at 0.16%, well below the 2.5% equilibrium, but conviction is not high enough for a BUY rating. Better houses options may be available in Melbourne.
At $1.13M, Diamond Creek ranks #180 of 263 houses in Melbourne. The long-term structural outlook is Below average. Buyer demand is strong with 116 buyers per listing.
OPPORTUNITY ENGINE
Structural opportunity remains selective at this price level.
5 stronger-positioned houses identified in Melbourne.
Shifting to SellersMarket tightening. Act sooner rather than later.
+5.6%
Asking Prices (3mo)
+21.2%
Rents (12mo)
0.7%
Vacancy
32%
Fresh Stock (<30d)
House Asking Prices (12 months)
$1.19M
House Weekly Rents (12 months)
$839/wk
Vacancy Rate (24 months)
--- 1.5% tight--- 3.0% loose
Listing Age (12 months)
Fresh (<30d)30-60d60-90d90-180d180d+
Data for postcode 3089.
Momentum Health
Monitor
49% stall probability
Diamond Creek is growing at 19.8% annually but early warning signals are appearing. Watch for vacancy loosening or yield compression over the next quarter.
STALL RISK49%
Suburb Profile
Diamond Creek at a Glance
SEIFA Index
9/10
Most advantaged
Household Income
$2,508/wk
Median household
Median Age
39
Years
Mortgage Stress
20%
of income
Population Growth
-0.2%
vs state +2.2%
Ownership Mix
33.7%owned53.9%mortgage10.5%renting
Demographic Trends
Diamond Creek Over Time
Median Household Income (Census)
Population Growth Rate (Census)
Dwelling Composition (Census)
Rental Yield History
Census data: ABS. Yield series: weekly market data.
Full Diamond Creek Analysis
Access the full structural analysis, fair value estimate, bedroom-level pricing, and supply intelligence.
3-Year Structural OutlookStrong
Conviction LevelHigh
Fair Value GapX.X% undervalued
3-Bed House Price$X,XXX,XXX
Gross YieldX.X%
Weekly Rent$XXX
SEIFA DecileX/10
Building ApprovalsXX dwellings
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Atlaso rates Diamond Creek as HOLD confidence for capital growth. In our out-of-sample testing, 90% of our STRONG BUY suburbs grew more than 8% annually. Our model analyses price trends, volume, demographics, and market conditions across Diamond Creek and 46 Australian cities to generate this rating.
What is the median house price in Diamond Creek?
The current median house price in Diamond Creek, vic is $1.13M, with annual growth of +3.6%. Properties sell in approximately 25 days.
How fast do properties sell in Diamond Creek?
Properties in Diamond Creek sell in 25 days on average. The market is currently rated Below average. This is in line with the broader market.
What is the growth outlook for Diamond Creek?
Atlaso's model analyses 23 structural signals including price history, volume trends, yields, and vacancy to rate Diamond Creek's growth potential. The model predicts whether a suburb is likely to outperform, not by how much. Our ratings have been validated across 46 Australian cities, with 90% of top-rated suburbs growing more than 8% a year.
What is the rental yield in Diamond Creek?
The gross rental yield for houses in Diamond Creek is 3.8%. This is in line with the broader market average.
Important: Atlaso provides general research information only and does not constitute personal financial advice, property advice, or a recommendation to buy, sell, or hold any property. Suburb scores, growth ratings, rental yield estimates, and market signals are based on quantitative models using historical data. They are not guarantees of future performance. Property values can fall as well as rise. You should seek independent licensed financial and property advice before making any investment decision. Atlaso Pty Ltd (ABN 84 696 036 469) is not a licensed financial adviser and does not hold an Australian Financial Services Licence (AFSL).