Suburb Profile Report for Brunswick West VIC (3055)

Brunswick West House: Median price $989,000, Annual capital growth 9.51%, Number of sales 95, Weekly median advertised rent $513

Brunswick West Unit: Median price $400,000, Annual capital growth 4.84%, Number of sales 188, Weekly median advertised rent $340

  • 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 Brunswick West, 3055 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 13.35%.

When looking at the potential capital gains offered to property investors over the last 3 years, Brunswick West comes in at number 169th in VIC.

Property buyers and investors in Brunswick West 3055 should be seeing an average reduction in asking price of around -3.73% . This means that Brunswick West is holding prices well when compared to other suburbs in VIC.

In the last year 95 properties changed hands in Brunswick West, which puts it as the 271th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $512.5 and the average annual increase in value of a median property of 9.51%, investors should hope to achieve an overall return of 2.69%

Over the last year, property investments in Brunswick West, 3055 have given investors a capital gain of -2.44%. This compares badly with the 3.49% for VIC as a whole.

Brunswick West,3055 has offered an average of -2.44% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Brunswick West is giving property investors an average Vendor Discount of around -4.41%. This puts suburb at number 197th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

Metrics i HOUSE UNIT
$989,000 $400,000
2.22% -1.60%
13.35% -2.44%
9.51% 4.84%
$513 $340
95 188
2.69% 4.42%
63.91 68.16

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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