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Brunswick West
AREA REPORTS

Brunswick West

Brunswick West - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3055

house
unit

Homeowners and real estate investors betting on BRUNSWICK WEST, 3055 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.71%.

A steady increase in median property prices over a five-year period in the suburb translates to a 21.49% capital gain.

Property investors in BRUNSWICK WEST enjoyed capital gains of 15.71% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $1,362,500.

Profits due to an upward trend in home prices there averaged 7.16% per annum over a 3-year period.

Home owners selling their properties and realtors in BRUNSWICK WEST usually have to wait an average of 57.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $580 mark, reflecting a 2.21% increase in returns based on the current median price in BRUNSWICK WEST.

BRUNSWICK WEST, 3055 places 305th in Australia based on median property value growth during the quarter.

Data report can be found below

Brunswick West
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,362,500 $545,000
GROWTH REPORT
Median Quarterly 4.57% -0.18%
Median 12 month 15.71% -0.91%
Median 3 years 21.49% 14.62%
Median 5 years 46.27% 15.71%
10 years average annual 7.55% 3.54%
Weekly media advert. rent $580 $350
Time on Market 57.1 days 64.0 days
Gross Rental Yield Percent 2.21% 3.34%
demographics (median values)*
Total Population
14159
Weekly Household Income
1423
Household Size
2.20
Age
34
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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