Suburb Profile Report for Brooklyn VIC (3012)

Brooklyn House: Median price $745,000, Annual capital growth 10.64%, Number of sales 16, Weekly median advertised rent $400

Brooklyn Unit: Median price $483,500, Annual capital growth 6.36%, Number of sales 32, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Brooklyn have tracked higher than the VIC average of 10.43% over the last 12 months.

Brooklyn,3012 was ranked 928 in Australia by increase in median property value over the quarter.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

With a capital gain of 2.87% for the last 12 months, Brooklyn, 3012 has performed for property investments than its average annual 6.36% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Brooklyn has given property investors a paper return of -0.31%. This puts Suburb as 257 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Brooklyn 3012 should be seeing an average reduction in asking price of around -4.31% . This means that Brooklyn is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Brooklyn the average time real estate has been on the market is 67.37 days.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$745,000 $483,500
4.41% -0.31%
20.16% 2.87%
10.64% 6.36%
$400 $380
16 32
2.79% 4.09%
N/A 67.37

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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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