Brooklyn (postcode 3012) is a small locality in Victoria within the Hobsons Bay local government area. It is home to about 1,979 residents, with a blend of families and working-age professionals and a median age of 34. Households earn a median income of $102K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, technicians & trades, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Italian.
Median house prices in Brooklyn sit at $810,000, little changed on a year ago. Units have a median price of $652,000 (-0.5% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,068.
Brooklyn is served by 1 school, including 1 primary. The average ICSEA score is 1068, which is above the national average of 1,000. Public transport access includes 27 bus stops. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, Brooklyn shows a gross rental yield of approximately 3.7%, rated as moderate yield. Property prices are near the state median ($810K/$875K). The price-to-income ratio of 8.0x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.