Diamond Creek Suburb Profile

Despite being as close to the city as Glen Waverley or Clayton, Diamond Creek is more rural in its character, and much of the suburb is made up of parks and lakes.

According to the REIV, Diamond Creek’s median house price for the year ended December 31, 2007, is $427,500, up 16.8 per cent since last year.
By comparison, median values increased 12.6 per cent for homes in metropolitan Melbourne, to $425,000.

The REIV annualised median figures are considered more statistically reliable than the quarterly figures released throughout the year, because they include a much greater sample of sold properties.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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