Strathmore

POSTAL CODE: VIC, 3041

HOUSE

UNIT

Property investors have seen a -0.16% drop in STRATHMORE based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains STRATHMORE, 3041 saw average growth in the long term.

The VIC 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 $1,550,000

Profits averaged -1% per annum over a 3-year period, due to an downward trend in home prices in STRATHMORE, 3041.

This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

The gross rental yield in STRATHMORE, 3041 is 2.52%.

An average of 11.92 real estate transactions take place per month in STRATHMORE which translates to 143 per annum.

Property investments in STRATHMORE did not fare well against the rest of the country last year, registering a median home price decrease of 2%.

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

Based on its average 5-year and quarterly capital gains STRATHMORE, 3041 saw average growth in the long term.

This means, real estate investors could earn a rental income of $612.5 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 STRATHMORE, homes and units usually stay on listing for an average of 108.5 days.

the VIC 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 $765,000

Investors saw the median home price rise to $765,000.

STRATHMORE ranks 265th on the list of best yielding suburbs for rental properties in VIC, posting a 4.16% return.

Surburb overview

Strathmore is a suburb located approximately 10 kilometres north-west of Melbourne's Central Business District, within the City of Moonee Valley. According to the 2021 census, it has a population of 8,980 residents.

The suburb is predominantly residential, featuring various housing styles, including mid-20th-century homes and modern developments. The median property price for a house is currently $1,440,000, with an annual capital growth rate of -1.37%. Rental yields for houses are around 2.57%, with a median weekly rent of $750.

Public transportation in Strathmore includes the Strathmore railway station, providing access to Melbourne's rail network. Several bus routes connect the suburb to neighbouring areas and the city centre.

Essential amenities are accessible, with local shopping centres along Napier Street offering supermarkets, retail stores, and dining options. The area also has several schools, including Strathmore Primary School and Strathmore Secondary College.

Recreational opportunities are available, with several parks and reserves within the suburb. Napier Park features walking paths, playgrounds, and open spaces for various outdoor activities. The suburb is also home to sports clubs, including the Strathmore Football Club, which competes in the Essendon District Football League.

Strathmore offers a suburban lifestyle with access to essential services and recreational facilities, making it a notable suburb within Melbourne's metropolitan area.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,550,000	$765,000
Growth Report
Median Quarterly	-0.16%	1.32%
Median 12 month	-6.06%	2%
Median 3 years	-3.43%	-7.27%
Median 5 years	13.47%	0%
10 years average annual	5.11%	6.06%
Weekly media advert. rent	$750	$613
Time on Market	88.4 days	108.5 days
Gross Rental Yield Percent	2.52%	4.16%

Demographics (Median Values)*

Total Population 12412

Weekly Household Income 1905

Household Size 2.70

Average Age 39

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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