Suburb Profile Report for Brooklyn VIC (3012)

Brooklyn House: Median price $618,000, Annual capital growth 9.32%, Number of sales 30, Weekly median advertised rent $380

Brooklyn Unit: Median price $465,000, Annual capital growth 6.81%, Number of sales 34, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Brooklyn have tracked close to the VIC average of 7.80% over the last 12 months.

Brooklyn,3012 was ranked 2512 in Australia by increase in median property value over the quarter.

The most recent median price for Brooklyn is $618000, with sellers offering an average of -4.60% off the asking price.

Residents and property investors in Brooklyn have been waiting around 42 days to sell a property.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 9.32%, investors should hope to achieve an overall return of 3.20%

If you compare the increase in value of investment property in Brooklyn, 3012 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.90%.

Brooklyn,3012 was ranked 1133 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Brooklyn is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 251th in terms of most discounted suburbs in VIC

At number 1196 in a list of fastest selling suburbs, Brooklyn is in the bottom 20% of suburbs in Australia with an average of days on market 105.04 for properties listed there.

The VIC suburb of Brooklyn, 3012 is in the Brimbank local government area.

HOUSE UNIT
$618,000 $465,000
-0.16% -1.06%
8.90% 6.90%
9.32% 6.81%
$380 $360
30 34
3.20% 4.03%
42 105.04

Source: CoreLogic

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