Suburb Profile Report for Braybrook VIC (3019)

Braybrook House: Median price $650,000, Annual capital growth 5.60%, Number of sales 73, Weekly median advertised rent $360

Braybrook Unit: Median price $556,000, Annual capital growth 5.99%, Number of sales 65, Weekly median advertised rent $420

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

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

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  • House Report
  • Unit Report

With a capital gain of -9.41% for the last 12 months, Braybrook, 3019 has performed for property investments than its average annual 5.60% property growth over the last 5 years.

Braybrook,3019 was ranked 2104 in Australia by increase in median property value over the quarter.

Using the current median advertised rental of $359.5 and the average annual increase in value of a median property of 5.60%, investors should hope to achieve an overall return of 2.88%

Investment property in Braybrook has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.86%

While Braybrook,3019 ranked number 106th in VIC for increase in median house value (annualised) increase, it is ranked 128th over the last 5 years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.85% offered to property buyers. Sellers in Braybrook itself are offering an average vendor discount of -5.43% to real estate investors.

Often selling an investment property can take time, and in Braybrook the average time real estate has been on the market is 90.2 days.

Braybrook, 3019’s gross rental yield is 3.93%

Information supplied by:




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Braybrook, VIC – Rental vacancies tighten further

Postcode: 3019

Median unit price: $680,000

Vacancy rate: 1.0%

Three-year growth: 21.4%

Just 9km west of the Melbourne CBD is the suburb of Braybrook. It is bounded by several roads, including Duke Street, Ashley Street and Sunshine Road. The Maribyrnong River is located to the north of the suburb, and the Sunbury railway line runs along the southern boundary.

Braybrook was the home of many well-known names, like late 1960s pop star Yvonne Barrett and pub-rock band The Blue Echoes drummer Ray Eames. There are many facilities for child care and education, such as preschools, day care centres and primary schools. There is also a community centre that has a garden open to residents.

Rental vacancy rates fell from an average of 1.5% to an even lower 1.0%.

Metrics i HOUSE UNIT
$650,000 $556,000
0.85% 2.96%
-9.41% 7.86%
5.60% 5.99%
$360 $420
73 65
2.88% 3.93%
111.6 90.2

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

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 8180
Median household income ($/weekly) 792
Median age of persons 32
Median housing loan repayment ($/monthly) 1520
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1015 12.4
    25-34 years 1483 18.1
    35-44 years 1126 13.8
    45-54 years 993 12.1
    55-64 years 796 9.7
    Others 2767 33.8
    Age Group
    Census Count Percent(%)
    Not Married 3365 56.9
    Registered Married 2251 38.1
    Defacto Relationship 296 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3130 42.7
    Croatia 273 3.7
    Indonesia 403 5.5
    Viet Nam 1713 23.4
    Other 823 11.2
    Others 987 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 1615 22.4
    Christianity 3253 45.2
    Hinduism 231 3.2
    Islam 650 9.0
    No Religion 1270 17.7
    Others 176 2.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 242 10.4
    $400-$599 322 13.8
    $600-$799 291 12.5
    $800-$999 213 9.1
    $1,000-$1,249 212 9.1
    Others 1049 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2690 46.0
    Employed, worked full-time 1705 29.1
    Employed, worked part-time 878 15.0
    Unemployed, looking for work 394 6.7
    Employed, away from work 185 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 431 15.6
    Technicians & trades workers 343 12.4
    Clerical & administrative workers 359 13.0
    Machinery operators & drivers 329 11.9
    Labourers 485 17.5
    Others 821 29.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 567 27.6
    Secondary 509 24.7
    Technical or Further Educational Institution 232 11.3
    University or other Tertiary Institutions 489 23.8
    Other type of educational institution 155 7.5
    Others 105 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5149 68.1
    Semi-detached, row or terrace house, townhouse 1195 15.8
    Flat, unit or apartment 1182 15.6
    House or flat attached to a shop, office 24 0.3
    Caravan, cabin, houseboat 14 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1205 47.7
    Being purchased 729 28.9
    Fully owned 569 22.5
    Other tenure type 23 0.9
    Tenure Type
Census 2011, ABS
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