Suburb Profile Report for Brunswick VIC (3056)

Brunswick House: Median price $1,050,000, Annual capital growth 5.64%, Number of sales 206, Weekly median advertised rent $600

Brunswick Unit: Median price $565,000, Annual capital growth 2.83%, Number of sales 229, Weekly median advertised rent $450

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

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

  • Expert Report
  • House Report
  • Unit Report

Brunswick, 3056 ranked 535th 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

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Brunswick has increased when compared to the 5 year average annual rate.

Property buyers and investors in Brunswick 3056 should be seeing an average reduction in asking price of around -4.43% . This means that Brunswick is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 17.17 sales per month, which equates to 206 per year.

Using the current median advertised rental of $600 and the average annual increase in value of a median property of 5.64%, investors should hope to achieve an overall return of 2.97%

Brunswick has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.55% to date .

Comparing Brunswick,3056 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Brunswick3056 is located in VIC which offers an average discount of -5.98% to property investors. Brunswick itself is showing figures that indicate -4.32% is the average achievable by property buyers investing in the suburb.

At number 205 in a list of fastest selling suburbs, Brunswick is in the TOP 20% of suburbs in Australia with an average of days on market 55.4488 for properties listed there.

Advertised rents are around the $450 mark per week – giving a return of 4.14% based on the median price in Suburb

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
$1,050,000 $565,000
2.94% 1.80%
-2.78% 12.55%
5.64% 2.83%
$600 $450
206 229
2.97% 4.14%
49.3258426966292 55.4488188976378

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