Question 1

Is Deer Park a good place to buy your first home?

Accepted Answer

Deer Park is a great option for first home buyers who families seeking affordability close to transport. With a median price of $600,000 and +5.5% growth over the past year, it offers diverse, evolving, accessible.

Question 2

What grants are available for first home buyers in Deer Park?

Accepted Answer

First home buyers in Deer Park may be eligible for the $10,000 First Home Owner Grant (for new homes up to $750,000), stamp duty concessions (up to $31,070 saved), and the First Home Guarantee scheme (buy with just 5% deposit).

Question 3

How much deposit do I need to buy in Deer Park?

Accepted Answer

With the First Home Guarantee, you could buy in Deer Park with just 5% deposit (around 30000 based on the median price). Without government schemes, most lenders require 10-20% deposit.

Question 4

What type of properties do first home buyers typically buy in Deer Park?

Accepted Answer

In Deer Park, first home buyers typically look for 3-4 bedroom houses, townhouses, and land packages in new estates. The suburb is known for diverse, evolving, accessible.

Question 5

How long does it take to commute from Deer Park to Melbourne CBD?

Accepted Answer

Deer Park offers Deer Park Station and Bus network. Commute times to the CBD vary based on your mode of transport and exact location within the suburb.

First Home Buyers in Deer Park — What You Need to Know

Affordability Snapshot

Grants Available for Deer Park

First Home Owner Grant

Stamp Duty Concession

First Home Guarantee

Local Insights

Schools

Transport

Highlights

Location

Frequently Asked Questions

See what you can afford in Deer Park

Ready to Buy in Deer Park?