Suburb Profile Report for Brunswick West VIC (3055)

Brunswick West House: Median price $984,500, Annual capital growth 9.70%, Number of sales 92, Weekly median advertised rent $500

Brunswick West Unit: Median price $398,000, Annual capital growth 5.67%, Number of sales 182, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 15.96% for the last 12 months, Brunswick West, 3055 has performed for property investments than its average annual 9.70% property growth over the last 5 years.

The five-year average increase in median property values for Brunswick West,3055 has given property investors a potential capital gain of 43.20% across each of those five years.

At number 490th of VIC’s most discounted properties, Brunswick West is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $500 weekly from the median priced house in this suburb.

With a capital gain of -3.52% for the last 12 months, Brunswick West, 3055 has performed for property investments than its average annual 5.67% property growth over the last 5 years.

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.

Property buyers and investors in Brunswick West 3055 should be seeing an average reduction in asking price of around -5.40% . This means that Brunswick West is holding prices well when compared to other suburbs in VIC.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.31%, without taking into account capital value appreciation, which has been averaging out at 5.67%.

HOUSE UNIT
$984,500 $398,000
8.19% -2.93%
15.96% -3.52%
9.70% 5.67%
$500 $330
92 182
2.64% 4.31%
72.51 76.23

Source: CoreLogic

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