Brighton is a large suburb in Victoria within the Bayside (Vic.) local government area (postcode 3186). With a population of 23,252, the suburb has a mature demographic with a median age of 48. Households earn a median income of $141K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Brighton is $3.4 million, having increased 3.8% over the past year. Units have a median price of $1.3 million (-4.3% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,467.
Brighton is served by 8 schools, including 5 primary, 1 secondary, 2 combined. The average ICSEA score is 1147, which is well above the national average of 1,000. Public transport access includes 17 rail stations, 107 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Bayside (Vic.) LGA is moderate at 5,194 incidents per 100,000 population.
From an investment perspective, Brighton offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($3.4M/$875K), placing it in the premium segment. The price-to-income ratio of 24.2x is considered stretched. House prices have moved +3.8% year-on-year.
Brighton is a large suburb in Victoria within the Bayside (Vic.) local government area (postcode 3186). With a population of 23,252, the suburb has a mature demographic with a median age of 48. Households earn a median income of $141K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Brighton is $3.4 million, having increased 3.8% over the past year. Units have a median price of $1.3 million (-4.3% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,467.
Brighton is served by 8 schools, including 5 primary, 1 secondary, 2 combined. The average ICSEA score is 1147, which is well above the national average of 1,000. Public transport access includes 17 rail stations, 107 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Bayside (Vic.) LGA is moderate at 5,194 incidents per 100,000 population.
From an investment perspective, Brighton offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($3.4M/$875K), placing it in the premium segment. The price-to-income ratio of 24.2x is considered stretched. House prices have moved +3.8% year-on-year.