AREA REPORTS

Brooklyn

Suburb Profile

Brooklyn - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3012

house
unit

BROOKLYN, 3012 ranks 2151st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 3.47% for property investors.

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 $783,750.

The upward trend in home prices in BROOKLYN, 3012 averaged 14.12% per annum over a 3-year period.

Average weekly rents on listings have reached the $370 mark, reflecting a 2.45% increase in returns based on the current median price in BROOKLYN.

An average of 1.67 real estate transactions take place per month in BROOKLYN which translates to 20 per annum.

20 properties were sold in BROOKLYN in 2016, making it the 466th most active market in VIC based on total real estate transactions.

BROOKLYN, 3012 places 236th 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 $783,750 $585,000
GROWTH REPORT
Median Quarterly 2.12% 4.46%
Median 12 month 3.47% 14.93%
Median 3 years 42.37% 36.05%
Median 5 years 65.87% 67.2%
10 years average annual 7.55% 12.43%
Weekly media advert. rent $370 $392.5
Time on Market 78.7 days 45.7 days
Gross Rental Yield Percent 2.45% 3.49%
demographics (median values)
Total Population
1589
Weekly Household Income
722.6
Household Size
2.50
demographics
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