Suburb Profile Report for Brunswick VIC (3056)

Brunswick House: Median price $1,010,000, Annual capital growth 6.17%, Number of sales 206, Weekly median advertised rent $600

Brunswick Unit: Median price $555,000, Annual capital growth 2.74%, Number of sales 214, Weekly median advertised rent $450

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property investors who have had real estate in Brunswick, 3056 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.18%

Over the longer term, Brunswick has seen property prices show investors a 9.19% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Brunswick are currently offering property investors an average price cut of -6.13% below the asking price at the moment.

With the median price for a house in Brunswick being $1010000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.09%

Brunswick, 3056 ranked 69th in VIC when comparing growth in median property values or capital gain over the last 12 months. Brunswick is one of 2099 in our list for VIC

The five-year average increase in median property values for Brunswick,3056 has given property investors a potential capital gain of 9.04% across each of those five years.

Vendor discounting in Brunswick is giving property investors an average Vendor Discount of around -4.57%. This puts suburb at number 222th in VIC when ranking the most discounted suburbs.

Situated 5.19km from the CBD, Brunswick is one of Moreland (C) localities in the postcode 3056.

Information supplied by:




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Median House Price: $1,000,000

Current Yield (houses): 3.2%

Average annual growth (houses): 6.8%

Median Unit Price: $530,000

Current Yield (units): 4.4%

Average annual growth (units): 3.1%

Amenities are a big part of what generates demand, and the multicultural suburb of Brunswick offers a wealth of it.

“Brunswick has been gentrifying over the past five years and is a very popular suburb with young people,” says REA Group Chief Economist Nerida Conisbee.

“This is leading to a lot of renovation activity and the homes in Brunswick continue to improve. The area has great cafes and restaurants, is close to central Melbourne and has easy access to a number of universities.”

Metrics i HOUSE UNIT
$1,010,000 $555,000
1.00% 2.97%
-8.18% 11.00%
6.17% 2.74%
$600 $450
206 214
3.09% 4.22%
58.421568627451 62.1056338028169

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 22763
Median household income ($/weekly) 1433
Median age of persons 33
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 2600 11.4
    25-34 years 6451 28.3
    35-44 years 3875 17.0
    45-54 years 2412 10.6
    55-64 years 1667 7.3
    Others 5759 25.3
    Age Group
    Census Count Percent(%)
    Not Married 9460 52.6
    Registered Married 5620 31.2
    Defacto Relationship 2912 16.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 13882 65.2
    Hong Kong 789 3.7
    Japan 898 4.2
    United Kingdom 786 3.7
    Other 1332 6.3
    Others 3613 17.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 635 3.1
    Christianity 9025 44.4
    Hinduism 506 2.5
    Islam 1110 5.5
    No Religion 8786 43.3
    Others 249 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 713 8.6
    $1,250-$1,499 686 8.2
    $1,500-$1,999 1090 13.1
    $2,000-$2,499 799 9.6
    $2,500-$2,999 896 10.8
    Others 4134 49.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 8223 43.6
    Not in the labour force 5044 26.8
    Employed, worked part-time 4027 21.4
    Unemployed, looking for work 817 4.3
    Employed, away from work 735 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1487 11.5
    Professionals 5186 40.0
    Technicians & trades workers 1126 8.7
    Community & personal service workers 1162 9.0
    Clerical & administrative workers 1777 13.7
    Others 2243 17.3
    Occupation
    Census Count Percent(%)
    Pre-school 287 5.4
    Infants/Primary 834 15.7
    Secondary 645 12.1
    Technical or Further Educational Institution 613 11.5
    University or other Tertiary Institutions 2715 51.0
    Others 233 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10690 51.3
    Flat, unit or apartment 5568 26.7
    Semi-detached, row or terrace house, townhouse 4369 21.0
    House or flat attached to a shop, office 195 0.9
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4417 48.6
    Being purchased 2331 25.7
    Fully owned 2301 25.3
    Other tenure type 32 0.4
    Tenure Type
Census 2011, ABS
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