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Brooklyn
AREA REPORTS

Brooklyn

Brooklyn - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3012

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $850,000.

The upward trend in home prices in BROOKLYN, 3012 averaged 9.6% per annum over a 3-year period.

Average weekly rents on listings have reached the $400 mark, reflecting a 2.45% increase in returns based on the current median price in BROOKLYN.

An average of 2.92 real estate transactions take place per month in BROOKLYN which translates to 35 per annum.

35 properties were sold in BROOKLYN in 2016, making it the 302nd most active market in VIC based on total real estate transactions.

BROOKLYN, 3012 places 688th in Australia based on median property value growth during the quarter.

Data report can be found below

Brooklyn
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $850,000 $620,000
GROWTH REPORT
Median Quarterly 0.29% 0%
Median 12 month 13.52% 4.2%
Median 3 years 28.79% 8.77%
Median 5 years 20.78% 32.83%
10 years average annual 7.47% 5.36%
Weekly media advert. rent $400 $395
Time on Market 89.1 days 46.5 days
Gross Rental Yield Percent 2.45% 3.31%
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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