What could go wrong

The bear case for Deepdene

• Crime trending upWorth weighing
  Reported offences are rising across the recent series; the safety section below has the breakdown.
  What it means: A worsening trend can weigh on sentiment even when the current level looks acceptable.
• Thin cash-flowWorth weighing
  Gross yield of 1.5% is low.
  What it means: Likely negative cash-flow after costs — a hold for growth rather than income.
• Housing-cost stressWorth weighing
  Local housing costs run high against income (rent ~22%, mortgage ~31% of the suburb's median household income).
  What it means: A stretched local market is more rate-sensitive, with a thinner pool of buyers and renters.
• Thin marketMinor
  Small resident base (~2,171).
  What it means: Few comparable sales — medians swing on a handful of transactions.