Brookfield is a well-established suburb in Victoria within the Melton local government area (postcode 3338). With a population of 10,782, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $85K per year, with an average household size of 3.1 people. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Indian.
The median house price in Brookfield is $550,000, having dipped slightly 1.8% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,663.
Brookfield is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1008, which is around the national average of 1,000. Public transport access includes 24 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Brookfield offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($550K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.4x is considered moderate. House prices have moved -1.8% year-on-year.
Brookfield is a well-established suburb in Victoria within the Melton local government area (postcode 3338). With a population of 10,782, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $85K per year, with an average household size of 3.1 people. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Indian.
The median house price in Brookfield is $550,000, having dipped slightly 1.8% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,663.
Brookfield is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1008, which is around the national average of 1,000. Public transport access includes 24 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Brookfield offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($550K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.4x is considered moderate. House prices have moved -1.8% year-on-year.