Suburb Profile Report for Brooklyn VIC (3012)

Brooklyn House: Median price $673,500, Annual capital growth 9.96%, Number of sales 25, Weekly median advertised rent $375

Brooklyn Unit: Median price $465,000, Annual capital growth 6.57%, Number of sales 32, Weekly median advertised rent $365

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Brooklyn has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.42% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Brooklyn has increased when compared to the 5 year average annual rate.

Renters in Suburb are facing rents around $4500 per annum or $375 every week.

Brooklyn is an average performer in VIC when comparing median price capital growth over the last year. Brooklyn gave property investors a average capital gain figure when compared to the rest of the state, with 3.05%.

Taking the average capital gain, or increase in median house value, Brooklyn,3012 has racked up an average of 3.05% over the period. This ranks it number 439th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Brooklyn should be aiming for at least -3.62% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Brooklyn have been waiting around 99.17 days to sell a property.

A $365 per week rent on the median house gives suburb investors a gross yield of circa 4.08%, without taking into account capital value appreciation, which has been averaging out at 6.57%.

HOUSE UNIT
$673,500 $465,000
8.98% N/A
16.42% 3.05%
9.96% 6.57%
$375 $365
25 32
2.90% 4.08%
N/A 99.17

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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Demographics
Total population 1639
Median household income ($/weekly) 1029
Median age of persons 37
Median housing loan repayment ($/monthly) 1700
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 134 8.2
    25-34 years 349 21.3
    35-44 years 238 14.5
    45-54 years 207 12.6
    55-64 years 160 9.8
    Others 551 33.6
    Age Group
    Census Count Percent(%)
    Not Married 682 52.7
    Registered Married 459 35.5
    Defacto Relationship 152 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 861 56.8
    Croatia 47 3.1
    Japan 69 4.6
    Viet Nam 73 4.8
    Other 92 6.1
    Others 373 24.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 108 7.3
    Christianity 921 62.5
    Islam 92 6.2
    Other Religious Groups 27 1.8
    No Religion 305 20.7
    Others 21 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 56 9.5
    $400-$599 66 11.1
    $600-$799 60 10.1
    $1,000-$1,249 61 10.3
    $1,500-$1,999 73 12.3
    Others 276 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 535 40.6
    Not in the labour force 494 37.5
    Employed, worked part-time 192 14.6
    Unemployed, looking for work 55 4.2
    Employed, away from work 41 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 86 11.2
    Professionals 135 17.5
    Technicians & trades workers 116 15.0
    Clerical & administrative workers 100 13.0
    Labourers 106 13.7
    Others 228 29.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 77 27.6
    Secondary 85 30.5
    Technical or Further Educational Institution 35 12.5
    University or other Tertiary Institutions 46 16.5
    Other type of educational institution 22 7.9
    Others 14 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1067 69.3
    Flat, unit or apartment 245 15.9
    Semi-detached, row or terrace house, townhouse 182 11.8
    Caravan, cabin, houseboat 42 2.7
    House or flat attached to a shop, office 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 246 38.1
    Fully owned 226 35.0
    Being purchased 169 26.2
    Other tenure type 4 0.6
    Tenure Type
Census 2011, ABS
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