Suburb Profile Report for Brooklyn VIC (3012)

Brooklyn House: Median price $750,000, Annual capital growth 10.96%, Number of sales 19, Weekly median advertised rent $400

Brooklyn Unit: Median price $502,500, Annual capital growth 8.95%, Number of sales 38, Weekly median advertised rent $388

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Brooklyn, 3012 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 18.58%.

Across a shorter period, Brooklyn, 3012 has seen a median price increase of 0.67% over the last quarter.

With the median price for a house in Brooklyn being $750000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.77%

Investment property in Brooklyn has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.79%

Taking the average capital gain, or increase in median house value, Brooklyn,3012 has racked up an average of 5.79% over the period. This ranks it number 655th 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 -4.31% off the asking price, which is the average vendor discount being achieved at the moment.

Metrics i HOUSE UNIT
$750,000 $502,500
0.67% 2.55%
18.58% 5.79%
10.96% 8.95%
$400 $388
19 38
2.77% 4.01%
N/A 85.78

Source: CoreLogic

DSR Score for property investment : Good (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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