Broadmeadows is a well-established suburb in Victoria within the Hume local government area (postcode 3047). With a population of 12,524, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $60K per year, with an average household size of 2.9 people. The most common occupations are labourers, technicians & trades, professionals. The top ancestries reported are Australian, English, Lebanese.
The median house price in Broadmeadows is $585,000, having increased 4.5% over the past year. Units have a median price of $453,000 (+1.7% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,408.
Broadmeadows is served by 9 schools, including 4 primary, 2 secondary, 1 combined, 2 special. The average ICSEA score is 959, which is around the national average of 1,000. Public transport access includes 11 rail stations, 61 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Broadmeadows offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($585K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.8x is considered moderate. House prices have moved +4.5% year-on-year.
Broadmeadows is a well-established suburb in Victoria within the Hume local government area (postcode 3047). With a population of 12,524, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $60K per year, with an average household size of 2.9 people. The most common occupations are labourers, technicians & trades, professionals. The top ancestries reported are Australian, English, Lebanese.
The median house price in Broadmeadows is $585,000, having increased 4.5% over the past year. Units have a median price of $453,000 (+1.7% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,408.
Broadmeadows is served by 9 schools, including 4 primary, 2 secondary, 1 combined, 2 special. The average ICSEA score is 959, which is around the national average of 1,000. Public transport access includes 11 rail stations, 61 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Broadmeadows offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($585K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.8x is considered moderate. House prices have moved +4.5% year-on-year.