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Brunswick East

POSTAL CODE: VIC, 3057
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Property investors enjoyed capital gains of 2.5% over the last 12 months in BRUNSWICK EAST, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 6.3% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $825 based on current median home prices for the suburb.

On average, rents on listings have reached the $825 mark, reflecting a 2.99% increase in returns based on the current median price in BRUNSWICK EAST.

BRUNSWICK EAST, 3057 ranks 398th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 441st on the list of best yielding suburbs for rental properties in VIC, posting a 2.99% return.

Surburb overview

Brunswick East, located approximately 5 kilometres north of Melbourne's Central Business District (CBD), is an inner-city suburb in Merri-bek. According to the 2021 census, it has a population of 13,279 residents.

Lygon Street and Holmes Street border Brunswick East to the west, Merri Creek to the east, Park Street, Nicholson Street, Glenlyon Road to the south, and Moreland Road to the north. The suburb features a hillier landscape compared to neighbouring Brunswick.

Established in 1839, Brunswick East has evolved from its early days of bluestone quarrying to a vibrant residential and commercial area. Significant residential subdivisions occurred in the 1880s and post-World War I. The electrification of the Lygon Street tram in 1916 enhanced accessibility, contributing to the suburb's development.

The suburb attracts diverse residents, including young professionals, families, and students, primarily due to its proximity to universities and the CBD. The predominant age group is 20-39 years.

Brunswick East offers many housing options, from historic Victorian terraces to modern apartments. As of recent data, the median property price for a house is approximately $1,200,000, with an annual capital growth of 5.5%. Rental yields for houses are currently around 3.0%, with an average median rent of $700 per week.

The suburb is well-served by public transportation. Multiple tram lines run through Brunswick East, providing easy access to the CBD and surrounding areas. The nearby Brunswick railway station also offers train services to various parts of Melbourne.

Brunswick East is home to several educational institutions, including Brunswick East Primary School and Brunswick South Primary School. The University of Melbourne is also nearby, attracting a significant student population.

The suburb boasts a vibrant community with numerous cafes, restaurants, and boutique shops, particularly along Lygon Street and Nicholson Street. Cultural attractions include the CERES Community Environment Park, which offers residents ample outdoor and recreational opportunities. 

Brunswick East offers a unique blend of historic charm and modern urban living, making it a highly sought-after location for many residents. 

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