Suburb Profile Report for Brooklyn VIC (3012)

Brooklyn House: Median price $670,000, Annual capital growth 8.52%, Number of sales 25, Weekly median advertised rent $380

Brooklyn Unit: Median price $550,000, Annual capital growth 6.67%, Number of sales 19, Weekly median advertised rent $420

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

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

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Brooklyn, 3012 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -12.42%.

The five-year average increase in median property values for Brooklyn,3012 has given property investors a potential capital gain of 30.10% across each of those five years.

Property buyers and investors in Brooklyn 3012 should be seeing an average reduction in asking price of around -7.10% . This means that Brooklyn is holding prices well when compared to other suburbs in VIC.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Property investors who have had real estate in Brooklyn, 3012 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 -5.82%

Brooklyn,3012 has offered an average of -5.82% return per annum in house price rises to property investors over the last three years.

Brooklyn, 3012’s gross rental yield is 3.97%

Metrics i HOUSE UNIT
$670,000 $550,000
6.77% 2.80%
-12.42% -5.82%
8.52% 6.67%
$380 $420
25 19
2.95% 3.97%
80.0625 N/A

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

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 1639
Median household income ($/weekly) 1029
Median age of persons 37
Median housing loan repayment ($/monthly) 1700
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 134 8.2
    25-34 years 349 21.3
    35-44 years 238 14.5
    45-54 years 207 12.6
    55-64 years 160 9.8
    Others 551 33.6
    Age Group
    Census Count Percent(%)
    Not Married 682 52.7
    Registered Married 459 35.5
    Defacto Relationship 152 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 861 56.8
    Croatia 47 3.1
    Japan 69 4.6
    Viet Nam 73 4.8
    Other 92 6.1
    Others 373 24.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 108 7.3
    Christianity 921 62.5
    Islam 92 6.2
    Other Religious Groups 27 1.8
    No Religion 305 20.7
    Others 21 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 56 9.5
    $400-$599 66 11.1
    $600-$799 60 10.1
    $1,000-$1,249 61 10.3
    $1,500-$1,999 73 12.3
    Others 276 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 535 40.6
    Not in the labour force 494 37.5
    Employed, worked part-time 192 14.6
    Unemployed, looking for work 55 4.2
    Employed, away from work 41 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 86 11.2
    Professionals 135 17.5
    Technicians & trades workers 116 15.0
    Clerical & administrative workers 100 13.0
    Labourers 106 13.7
    Others 228 29.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 77 27.6
    Secondary 85 30.5
    Technical or Further Educational Institution 35 12.5
    University or other Tertiary Institutions 46 16.5
    Other type of educational institution 22 7.9
    Others 14 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1067 69.3
    Flat, unit or apartment 245 15.9
    Semi-detached, row or terrace house, townhouse 182 11.8
    Caravan, cabin, houseboat 42 2.7
    House or flat attached to a shop, office 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 246 38.1
    Fully owned 226 35.0
    Being purchased 169 26.2
    Other tenure type 4 0.6
    Tenure Type
Census 2011, ABS
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