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Brooklyn
AREA REPORTS

Brooklyn

Brooklyn - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3012

unit

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $595,000.

Average median unit prices in VIC have risen as a whole, pulling BROOKLYN, 3012 values up and netting property investors a capital gain of 7.21% for the past year.

Investors saw the median home price rise to $595,000.

The upward trend in home prices in BROOKLYN, 3012 averaged 2.4% per annum over a 3-year period.

BROOKLYN now ranks at the 246th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BROOKLYN are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In BROOKLYN, homes and units usually stay on listing for an average of 43.2 days.

24 properties were sold in BROOKLYN in 2016, making it the 201st most active market in VIC based on total real estate transactions.

Data report can be found below

Brooklyn
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $595,000
GROWTH REPORT
Median Quarterly N/A -3.64%
Median 12 month N/A 7.21%
Median 3 years N/A 7.21%
Median 5 years N/A 27.96%
10 years average annual N/A 5.03%
Weekly media advert. rent N/A $420
Time on Market N/A 43.2 days
Gross Rental Yield Percent N/A 3.67%
demographics (median values)*
Total Population
26298
Weekly Household Income
1483
Household Size
2.50
Age
33
Monthly Loan Repayment
1987
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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