The rental market
Median rent, yield and what is listed now in Deer Park, VIC 3023, from Victorian rental report, September 2025.
Current rent
What it costs to rent in Deer Park now.
Houses (median)
$470/wk
+6.8% over 12 months
Units (median)
$420/wk
+6.3% over 12 months
3 bedroom
$470/wk
2 bedroom
$420/wk
1 bedroom
$330/wk
Source: Victorian rental report, September 2025. Medians of new rentals recorded in the period.
Investor view
Rental yield against the purchase price.
$680,000
$470/wk
3.6%
Units: $420/wk against a $551,500 median, a gross yield of about 4%.
Gross yield = weekly rent × 52 ÷ median price. Before rates, insurance, management fees, maintenance and vacancy. The rental yield calculator gives a net estimate.
History
How rents have moved.
| Period | Houses | Units |
|---|---|---|
| September 2025 | $470/wk | $420/wk |
| June 2025 | $470/wk | $420/wk |
| March 2025 | $460/wk | $405/wk |
| December 2024 | $450/wk | $400/wk |
| September 2024 | $440/wk | $395/wk |
| June 2024 | $430/wk | $385/wk |
| March 2024 | $420/wk | $370/wk |
| December 2023 | $400/wk | $360/wk |
| September 2023 | $391/wk | $350/wk |
| June 2023 | $380/wk | $340/wk |
| March 2023 | $370/wk | $330/wk |
| December 2022 | $360/wk | $330/wk |
| September 2022 | $360/wk | $320/wk |
| June 2022 | $360/wk | $320/wk |
| March 2022 | $350/wk | $320/wk |
| December 2021 | $350/wk | $320/wk |
| September 2021 | $350/wk | $320/wk |
| June 2021 | $350/wk | $325/wk |
| March 2021 | $350/wk | $325/wk |
| December 2020 | $350/wk | $330/wk |
Renting and investing in Deer Park
What is the median rent in Deer Park?
In Deer Park, houses rent for a median $470 a week and units for $420 (Victorian rental report, September 2025). A median is the middle of the new rentals recorded in the period: half cost more and half cost less, so a specific property can sit well away from it.
What is the gross rental yield in Deer Park?
About 3.6% for houses: $470 a week is $24,440 a year against a median house price of $680,000 (Median · Land Victoria · the latest published quarter (updated May 2026)). Units come out at about 4% on a $551,500 median. Gross yield is before rates, insurance, management fees, maintenance and vacancy, so the net figure is lower.
How have rents in Deer Park changed over the past year?
House rents are up 6.8% on a year earlier, at $470 a week; unit rents are up 6.3%, at $420 (September 2024 to September 2025, Victorian rental report).
What does a one, two or three-bedroom rental cost in Deer Park?
Median weekly rent by bedroom count in Deer Park: one-bedroom $330, two-bedroom $420, three-bedroom $470 (Victorian rental report, September 2025). The three-bedroom figure is the median for houses and the one and two-bedroom figures are for flats, following the Victorian report's tables.
Thinking about investing in Deer Park?
Gross yield is only half the picture. Get matched with a local expert who knows vacancy, tenant demand and what actually rents in Deer Park. Free, no obligation.
Talk to an investment expert