Located in Victoria within the Yarra local government area, Abbotsford is a mid-sized suburb (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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Abbotsford is $1.2 million, having eased back by 2% over the past year. Units have a median price of $535,000 (+4.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.7%. 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.
On the investment side, Abbotsford shows a gross rental yield of approximately 2.7%, 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. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.