Suburb Profile Report for Brunswick VIC (3056)

Brunswick House: Median price $1,080,000, Annual capital growth 5.55%, Number of sales 188, Weekly median advertised rent $600

Brunswick Unit: Median price $565,000, Annual capital growth 2.77%, Number of sales 224, Weekly median advertised rent $450

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

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

  • Expert Report
  • House Report
  • Unit Report

If you compare the increase in value of investment property in Brunswick, 3056 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.93%.

When looking at the potential capital gains offered to property investors over the last 3 years, Brunswick comes in at number 625th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Brunswick, 3056. Typically our figures indicate that -5.37% is being offered, which puts this VIC suburb at 1959th most discounted overall in Australia.

The VIC suburb of Brunswick, 3056 is in the Moreland (C) local government area.

Brunswick, 3056 ranked 81th 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 18.62% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Brunswick, 3056. Typically our figures indicate that -4.66% is being offered, which puts this VIC suburb at 728th most discounted overall in Australia.

Brunswick is 162th on a list of best yielding suburbs for rents in VIC with a 4.14% return

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
$1,080,000 $565,000
5.34% 0.44%
6.93% 12.33%
5.55% 2.77%
$600 $450
188 224
2.89% 4.14%
47.2413793103448 55.0084033613446

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. 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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