Ardeer (postcode 3022) is a smaller residential area in Victoria within the Brimbank local government area. The area has roughly 3,170 residents and a mix of families and early-career residents, with a median age of 37. Households earn a median income of $76K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% 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, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Vietnamese.
The median house price in Ardeer is $680,000, having posted strong gains by 8.2% over the past year. Units have a median price of $575,000 (-2.1% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,700.
Ardeer is served by 2 schools, including 2 primary. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 1 rail station, 12 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.7% (moderate yield). Property prices are near the state median ($680K/$875K). The price-to-income ratio of 9.0x is considered moderate. House prices have moved +8.2% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.