Avondale Heights is a well-established suburb in Victoria within the Moonee Valley local government area (postcode 3034). With a population of 12,388, the suburb has a mature demographic with a median age of 45. Households earn a median income of $83K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Italian, Australian, English.
The median house price in Avondale Heights is $981,000, having increased 4.5% over the past year. Units have a median price of $680,000 (+1.5% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Avondale Heights is served by 2 schools, including 2 primary. The average ICSEA score is 1074, which is above the national average of 1,000. Public transport access includes 45 bus stops. The crime rate in the Moonee Valley LGA is moderate at 7,876 incidents per 100,000 population.
From an investment perspective, Avondale Heights offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($981K/$875K). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +4.5% year-on-year.
Avondale Heights is a well-established suburb in Victoria within the Moonee Valley local government area (postcode 3034). With a population of 12,388, the suburb has a mature demographic with a median age of 45. Households earn a median income of $83K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Italian, Australian, English.
The median house price in Avondale Heights is $981,000, having increased 4.5% over the past year. Units have a median price of $680,000 (+1.5% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Avondale Heights is served by 2 schools, including 2 primary. The average ICSEA score is 1074, which is above the national average of 1,000. Public transport access includes 45 bus stops. The crime rate in the Moonee Valley LGA is moderate at 7,876 incidents per 100,000 population.
From an investment perspective, Avondale Heights offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($981K/$875K). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +4.5% year-on-year.