Located in Victoria within the Melton local government area, Bonnie Brook is a small, quiet locality (postcode 3335). The area has roughly 333 residents and an established demographic, with a median age of 39. Households earn a median income of $85K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +5.8% 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, community & personal service. Employment in the area leans toward construction and education. The top ancestries reported are English, Maltese, Australian.
Bonnie Brook has a median house price of $663,000, holding roughly steady year-on-year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $2,248.
The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.8%, which reads as moderate yield. Property prices are near the state median ($663K/$875K). The price-to-income ratio of 7.8x is considered moderate. House prices have moved -0.3% year-on-year. Population growth of +5.8% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.