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Braybrook

POSTAL CODE: VIC, 3019
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Property investments in BRAYBROOK did not fare well against the rest of the country last year, registering a median home price decrease of 4.11%.

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

Based on its average 5-year and quarterly capital gains BRAYBROOK, 3019 saw average growth in the long term.

Real estate investors could earn a rental income of $527.5 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 76.1 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $760,000.

BRAYBROOK ranks 281st on the list of best yielding suburbs for rental properties in VIC, posting a 3.61% return.

Surburb overview

Braybrook, bearing the postcode 3019, is an inner suburb located approximately 10 kilometres west of Melbourne's Central Business District (CBD).  According to the 2021 census, it has a population of 9,682 residents.  The suburb is characterised by a diverse demographic, including young professionals, families, and retirees, with a median age of 36.  Most of the population comprises couples with children, reflecting a family-friendly environment. 

Public transportation in Braybrook is well-developed, offering residents convenient access to various parts of Melbourne. The suburb is serviced by multiple bus routes, including the 215, 216, 219, 220, 408, and 410 lines, facilitating easy travel to and from the CBD and surrounding areas.  Additionally, nearby train stations such as Tottenham and Sunshine provide further connectivity options. 

Braybrook has various essential establishments, including educational institutions, healthcare facilities, and shopping centres. The suburb boasts a variety of cafes, restaurants, and boutique shops, contributing to a vibrant local economy.  The presence of parks and recreational facilities enhances the quality of life for residents, offering spaces for leisure and community activities. 

Recreational activities are abundant in Braybrook, with numerous parks and green spaces available for public use. The picturesque Maribyrnong River provides walking, picnicking, and outdoor sports opportunities.  Additionally, the suburb's proximity to the Highpoint Shopping Centre offers residents various retail and entertainment options. 

Braybrook's blend of urban convenience and community-oriented living makes it a desirable location for diverse residents. 

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