Suburb Profile Report for Brooklyn VIC (3012)

Brooklyn House: Median price $711,000, Annual capital growth 10.27%, Number of sales 22, Weekly median advertised rent $385

Brooklyn Unit: Median price $485,000, Annual capital growth 6.59%, Number of sales 39, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 15.14% for the last 12 months, Brooklyn, 3012 has performed for property investments than its average annual 10.27% property growth over the last 5 years.

While Brooklyn,3012 ranked number 223th in VIC for increase in median house value (annualised) increase, it is ranked 170th over the last 5 years.

On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.

Over the last year, property investments in Brooklyn, 3012 have given investors a capital gain of 5.43%. This compares averagely with the 4.26% for VIC as a whole.

A 29.33% growth in median value for property investors in Brooklyn,3012 puts this suburb at number 69th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Brooklyn should be aiming for at least -3.42% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $4380 per annum or $365 every week.

Metrics i HOUSE UNIT
$711,000 $485,000
3.49% 3.91%
15.14% 5.43%
10.27% 6.59%
$385 $365
22 39
2.82% 3.91%
N/A 87.47

Source: CoreLogic

DSR Score for property investment : Good (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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