Broadford is a smaller suburb in Victoria within the Mitchell local government area (postcode 3658). With a population of 4,592, the suburb has an established demographic with a median age of 40. Households earn a median income of $79K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Broadford is $520,000, having declined 5.5% over the past year. Units have a median price of $475,000 (+5.6% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,507.
Broadford is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 967, which is around the national average of 1,000. Public transport access includes 2 rail stations. The crime rate in the Mitchell LGA is higher than average at 9,406 incidents per 100,000 population.
From an investment perspective, Broadford offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($520K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -5.5% year-on-year.
Broadford is a smaller suburb in Victoria within the Mitchell local government area (postcode 3658). With a population of 4,592, the suburb has an established demographic with a median age of 40. Households earn a median income of $79K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Broadford is $520,000, having declined 5.5% over the past year. Units have a median price of $475,000 (+5.6% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,507.
Broadford is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 967, which is around the national average of 1,000. Public transport access includes 2 rail stations. The crime rate in the Mitchell LGA is higher than average at 9,406 incidents per 100,000 population.
From an investment perspective, Broadford offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($520K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -5.5% year-on-year.