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AREA REPORTS

Brooklyn

Suburb Profile

Brooklyn - FREE 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $675,000.

The downward trend in home prices in BROOKLYN, 3012 averaged -3.33% per annum over a 3-year period.

Average weekly rents on listings have reached the $380 mark, reflecting a 2.93% increase in returns based on the current median price in BROOKLYN.

An average of 1.42 real estate transactions take place per month in BROOKLYN which translates to 17 per annum.

17 properties were sold in BROOKLYN in 2016, making it the 527th most active market in VIC based on total real estate transactions.

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

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $675,000 $565,000
GROWTH REPORT
Median Quarterly 0% 3.67%
Median 12 month 6.3% 8.65%
Median 3 years -10% 11.66%
Median 5 years 23.01% 29.74%
10 years average annual 5.4% 5.93%
Weekly media advert. rent $380 $420
Time on Market 0.0 days 56.0 days
Gross Rental Yield Percent 2.93% 3.87%
demographics (median values)
Total Population
1589
Weekly Household Income
722.6
Household Size
2.50
demographics
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