Suburb Profile Report for Brunswick East VIC (3057)

Brunswick East House: Median price $1,025,000, Annual capital growth 9.12%, Number of sales 65, Weekly median advertised rent $580

Brunswick East Unit: Median price $510,500, Annual capital growth 4.84%, Number of sales 123, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Brunswick East have tracked higher than the VIC average of 8.96% over the last 12 months.

Brunswick East,3057 was ranked 227 in Australia by increase in median property value over the quarter.

Vendor discounting in Brunswick East is giving property investors an average Vendor Discount of around -0.80%. This puts suburb at number 628th in VIC when ranking the most discounted suburbs.

In the last year 65 properties changed hands in Brunswick East, which puts it as the 379th most active market in VIC when comparing the number of sales per suburb.

Brunswick East is 411th on a list of best yielding suburbs for rents in VIC with a 2.94% return

Property value increases in Brunswick East have tracked just lower than the VIC average of 4.26% over the last 12 months.

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

Property investors looking for a bargain in Brunswick East should be aiming for at least -5.96% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Brunswick East the average time real estate has been on the market is 90.93 days.

Advertised rents are around the $400 mark per week – giving a return of 4.07% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,025,000 $510,500
9.63% 0.10%
19.12% 0.23%
9.12% 4.84%
$580 $400
65 123
2.94% 4.07%
77.5 90.93

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 8477
Median household income ($/weekly) 1468
Median age of persons 33
Median housing loan repayment ($/monthly) 2113
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 806 9.5
    25-34 years 2511 29.6
    35-44 years 1465 17.3
    45-54 years 898 10.6
    55-64 years 593 7.0
    Others 2204 26.0
    Age Group
    Census Count Percent(%)
    Not Married 3551 52.0
    Registered Married 2186 32.0
    Defacto Relationship 1092 16.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5320 66.3
    Japan 504 6.3
    Papua New Guinea 212 2.6
    United Kingdom 323 4.0
    Other 418 5.2
    Others 1243 15.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 238 3.1
    Christianity 3580 47.1
    Hinduism 163 2.1
    Islam 187 2.5
    No Religion 3342 44.0
    Others 93 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 261 8.1
    $1,250-$1,499 250 7.8
    $1,500-$1,999 390 12.1
    $2,000-$2,499 337 10.5
    $2,500-$2,999 343 10.7
    Others 1634 50.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3244 46.2
    Not in the labour force 1798 25.6
    Employed, worked part-time 1421 20.2
    Unemployed, looking for work 288 4.1
    Employed, away from work 273 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 671 13.6
    Professionals 1985 40.2
    Technicians & trades workers 451 9.1
    Community & personal service workers 408 8.3
    Clerical & administrative workers 698 14.1
    Others 728 14.7
    Occupation
    Census Count Percent(%)
    Pre-school 103 5.2
    Infants/Primary 394 20.0
    Secondary 232 11.8
    Technical or Further Educational Institution 195 9.9
    University or other Tertiary Institutions 964 48.9
    Others 84 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3782 47.4
    Semi-detached, row or terrace house, townhouse 2309 29.0
    Flat, unit or apartment 1823 22.9
    House or flat attached to a shop, office 52 0.7
    Improvised home, tent, sleepers out 5 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1618 46.1
    Fully owned 935 26.6
    Being purchased 934 26.6
    Other tenure type 22 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals