Abbotsford is a mid-sized suburb in Victoria within the Yarra local government area (postcode 3067). With a population of 9,088, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $114K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Abbotsford is $1.2 million, having dipped slightly 2% over the past year. Units have a median price of $513,000 (-3.3% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Abbotsford is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1142, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 17 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Abbotsford offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 10.8x is considered stretched. House prices have moved -2.0% year-on-year.
Abbotsford is a mid-sized suburb in Victoria within the Yarra local government area (postcode 3067). With a population of 9,088, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $114K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Abbotsford is $1.2 million, having dipped slightly 2% over the past year. Units have a median price of $513,000 (-3.3% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Abbotsford is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1142, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 17 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Abbotsford offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 10.8x is considered stretched. House prices have moved -2.0% year-on-year.