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Strathmore Heights

POSTAL CODE: VIC, 3041
HOUSE

Property investments in STRATHMORE HEIGHTS fare well against the rest of the country last year, registering a median home price increase of 12.6%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory 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 HEIGHTS, 3041 saw average growth in the long term.

Real estate investors could earn a rental income of N/A 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 N/A.

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

Property investors perceived the median home price rise to $1,095,000.

STRATHMORE HEIGHTS ranks 693rd on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.

Surburb overview

Strathmore Heights is a suburb situated approximately 12 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 1,047 residents. 

The suburb's demographic profile reveals a median age of 42 years. A significant portion of the population, 78.2%, was born in Australia, with notable communities from India (3.1%), Italy (1.5%), Greece (1.5%), England (1.4%), and New Zealand (1.1%).  In terms of ancestry, the most common responses include Australian (32.4%), English (29.8%), Italian (12.1%), Irish (11.6%), and Scottish (8.6%). 

Public transportation in Strathmore Heights is primarily serviced by bus route 469, which connects Moonee Ponds to Niddrie Shopping Centre via Essendon Station, Strathmore, and Airport West Shoppingtown. The nearest tram service is Route 59, which operates between Airport West and the city. Glenroy and Oak Park railway stations are the closest rail options. 

The suburb is well-equipped with essential establishments. Nearby shopping centres include Airport West Shopping Centre and DFO Essendon, offering various retail and dining options. Healthcare facilities are accessible, with several medical centres and clinics in the surrounding areas. Educational institutions such as Strathmore Primary School and Strathmore Secondary College serve the local community.

Recreational activities are abundant in Strathmore Heights. Boeing Reserve is a prominent feature, providing facilities for cricket, Australian rules football, and baseball. The reserve also includes walking tracks, open grass areas, and a playground catering to various outdoor activities.  The Moonee Ponds Creek Trail also offers cycling and walking enthusiasts opportunities.

Strathmore Heights presents a suburban environment with a blend of residential amenities, public transport options, and recreational facilities, contributing to its community-oriented atmosphere. 

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