Suburb Profile Report for Brookfield VIC (3338)

Brookfield House: Median price $450,000, Annual capital growth 5.00%, Number of sales 141, Weekly median advertised rent $350

  • 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

Property value increases in Brookfield have tracked just lower than the VIC average of -1.79% over the last 12 months.

Across a shorter period, Brookfield, 3338 has seen a median price increase of -2.28% over the last quarter.

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 Brookfield, 3338. Typically our figures indicate that -7.91% is being offered, which puts this VIC suburb at 945th most discounted overall in Australia.

The VIC suburb of Brookfield, 3338 is in the Melton (C) local government area.

Metrics i HOUSE UNIT
$450,000 N/A
-2.28% N/A
-7.22% N/A
5.00% N/A
$350 N/A
141 N/A
4.04% N/A
66.7131147540984 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 : Balanced (H), Below average (U)
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Demographics
Total population 6104
Median household income ($/weekly) 1377
Median age of persons 31
Median housing loan repayment ($/monthly) 1733
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 859 14.1
    25-34 years 1060 17.4
    35-44 years 821 13.5
    45-54 years 730 12.0
    55-64 years 588 9.6
    Others 2046 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 2198 50.7
    Not Married 1628 37.6
    Defacto Relationship 508 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4409 76.1
    Indonesia 123 2.1
    Papua New Guinea 154 2.7
    United Kingdom 299 5.2
    Other 247 4.3
    Others 564 9.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 86 1.6
    Christianity 3868 70.2
    Hinduism 86 1.6
    Islam 98 1.8
    No Religion 1312 23.8
    Others 59 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 172 9.7
    $1,000-$1,249 171 9.7
    $1,250-$1,499 184 10.4
    $1,500-$1,999 291 16.4
    $2,000-$2,499 228 12.9
    Others 726 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1938 43.2
    Not in the labour force 1389 31.0
    Employed, worked part-time 792 17.7
    Employed, away from work 184 4.1
    Unemployed, looking for work 178 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 351 12.0
    Technicians & trades workers 528 18.1
    Clerical & administrative workers 508 17.4
    Sales 296 10.2
    Machinery operators & drivers 315 10.8
    Others 917 31.5
    Occupation
    Census Count Percent(%)
    Pre-school 86 6.3
    Infants/Primary 523 38.3
    Secondary 407 29.8
    Technical or Further Educational Institution 120 8.8
    University or other Tertiary Institutions 156 11.4
    Others 73 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5443 94.3
    Semi-detached, row or terrace house, townhouse 284 4.9
    Flat, unit or apartment 46 0.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 989 51.2
    Fully owned 511 26.5
    Rented 415 21.5
    Other tenure type 16 0.8
    Tenure Type
Census 2011, ABS
Chart Table