Suburb Profile Report for Brunswick West VIC (3055)

Brunswick West House: Median price $930,000, Annual capital growth 8.88%, Number of sales 104, Weekly median advertised rent $500

Brunswick West Unit: Median price $410,000, Annual capital growth 6.50%, Number of sales 186, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 13.41% for the last year, Brunswick West, 3055 is the 638th highest performer in Australia in this respect.

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

Our latest figures would indicate that property sellers in Brunswick West are currently offering property investors an average price cut of -2.64% below the asking price at the moment.

On average over the past year, suburb has had 8.67 sales per month, which equates to 104 per year.

The VIC suburb of Brunswick West, 3055 is in the Moreland local government area.

With a capital gain of -1.20% for the last 12 months, Brunswick West, 3055 has performed for property investments than its average annual 6.50% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Brunswick West has given property investors a paper return of -2.21%. This puts Suburb as 280 on a list of fastest fasting appreciating suburbs in VIC

Our latest figures would indicate that property sellers in Brunswick West are currently offering property investors an average price cut of -5.83% below the asking price at the moment.

With the median price for a house in Brunswick West being $410000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.19%

HOUSE UNIT
$930,000 $410,000
2.65% -2.21%
13.41% -1.20%
8.88% 6.50%
$500 $330
104 186
2.80% 4.19%
63.43 76.77

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 13148
Median household income ($/weekly) 1233
Median age of persons 34
Median housing loan repayment ($/monthly) 1950
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 1330 10.1
    25-34 years 3259 24.8
    35-44 years 2063 15.7
    45-54 years 1508 11.5
    55-64 years 1164 8.9
    Others 3824 29.1
    Age Group
    Census Count Percent(%)
    Not Married 5369 51.5
    Registered Married 3857 37.0
    Defacto Relationship 1208 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 7848 63.6
    Hong Kong 394 3.2
    Indonesia 426 3.5
    Japan 564 4.6
    Other 955 7.7
    Others 2147 17.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 385 3.2
    Christianity 6234 52.4
    Hinduism 418 3.5
    Islam 768 6.5
    No Religion 3919 33.0
    Others 168 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 458 9.1
    $800-$999 442 8.8
    $1,000-$1,249 491 9.7
    $1,250-$1,499 438 8.7
    $1,500-$1,999 614 12.2
    Others 2597 51.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4568 42.6
    Not in the labour force 3228 30.1
    Employed, worked part-time 2099 19.6
    Unemployed, looking for work 443 4.1
    Employed, away from work 382 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 802 11.4
    Professionals 2413 34.3
    Technicians & trades workers 718 10.2
    Community & personal service workers 658 9.3
    Clerical & administrative workers 1089 15.5
    Others 1364 19.4
    Occupation
    Census Count Percent(%)
    Pre-school 167 5.4
    Infants/Primary 658 21.3
    Secondary 462 15.0
    Technical or Further Educational Institution 372 12.1
    University or other Tertiary Institutions 1263 40.9
    Others 164 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6635 53.8
    Flat, unit or apartment 3486 28.3
    Semi-detached, row or terrace house, townhouse 2133 17.3
    House or flat attached to a shop, office 68 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2529 46.6
    Fully owned 1492 27.5
    Being purchased 1377 25.4
    Other tenure type 33 0.6
    Tenure Type
Census 2011, ABS
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