Suburb Profile Report for Brunswick West VIC (3055)

Brunswick West House: Median price $1,070,000, Annual capital growth 8.11%, Number of sales 102, Weekly median advertised rent $540

Brunswick West Unit: Median price $423,000, Annual capital growth 5.05%, Number of sales 206, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Brunswick West is an average performer in VIC when comparing median price capital growth over the last year. Brunswick West gave property investors a good capital gain figure when compared to the rest of the state, with 16.12%.

While Brunswick West,3055 ranked number 453th in VIC for increase in median house value (annualised) increase, it is ranked 125th over the last 5 years.

A $540 per week rent on the median house gives suburb investors a gross yield of circa 2.62%, without taking into account capital value appreciation, which has been averaging out at 8.11%.

Brunswick West, 3055 ranked 292th in VIC when comparing growth in median property values or capital gain over the last 12 months. Brunswick West is one of 2098 in our list for VIC

Brunswick West,3055 was ranked 643 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.36% offered to property buyers. Sellers in Brunswick West itself are offering an average vendor discount of -2.78% to real estate investors.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.05%, investors should hope to achieve an overall return of 4.30%

Metrics i HOUSE UNIT
$1,070,000 $423,000
1.42% 1.93%
16.12% -1.40%
8.11% 5.05%
$540 $350
102 206
2.62% 4.30%
N/A 31.07

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Brunswick West VIC
Demographics
Total population 13148
Median household income ($/weekly) 1233
Median age of persons 34
Median housing loan repayment ($/monthly) 1950
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 1330 10.1
    25-34 years 3259 24.8
    35-44 years 2063 15.7
    45-54 years 1508 11.5
    55-64 years 1164 8.9
    Others 3824 29.1
    Age Group
    Census Count Percent(%)
    Not Married 5369 51.5
    Registered Married 3857 37.0
    Defacto Relationship 1208 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 7848 63.6
    Hong Kong 394 3.2
    Indonesia 426 3.5
    Japan 564 4.6
    Other 955 7.7
    Others 2147 17.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 385 3.2
    Christianity 6234 52.4
    Hinduism 418 3.5
    Islam 768 6.5
    No Religion 3919 33.0
    Others 168 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 458 9.1
    $800-$999 442 8.8
    $1,000-$1,249 491 9.7
    $1,250-$1,499 438 8.7
    $1,500-$1,999 614 12.2
    Others 2597 51.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4568 42.6
    Not in the labour force 3228 30.1
    Employed, worked part-time 2099 19.6
    Unemployed, looking for work 443 4.1
    Employed, away from work 382 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 802 11.4
    Professionals 2413 34.3
    Technicians & trades workers 718 10.2
    Community & personal service workers 658 9.3
    Clerical & administrative workers 1089 15.5
    Others 1364 19.4
    Occupation
    Census Count Percent(%)
    Pre-school 167 5.4
    Infants/Primary 658 21.3
    Secondary 462 15.0
    Technical or Further Educational Institution 372 12.1
    University or other Tertiary Institutions 1263 40.9
    Others 164 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6635 53.8
    Flat, unit or apartment 3486 28.3
    Semi-detached, row or terrace house, townhouse 2133 17.3
    House or flat attached to a shop, office 68 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2529 46.6
    Fully owned 1492 27.5
    Being purchased 1377 25.4
    Other tenure type 33 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals