Brunswick (postcode 3056) is a sizeable suburb in Victoria within the Moreland local government area. It is home to about 24,896 residents, with a mix of young professionals and families and a median age of 34. Households earn a median income of $109K per year, with an average household size of 2.1 people. 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, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Brunswick stand at $1.3 million, having declined by 3.8% over the last twelve months. Units have a median price of $500,000 (-11.5% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,162.
Brunswick is served by 2 schools, including 2 secondary. The average ICSEA score is 1078, which is above the national average of 1,000. Public transport access includes 10 rail stations, 2 tram stops, 102 bus stops. Healthcare facilities include 1 private hospital.
From an investment perspective, Brunswick shows a gross rental yield of approximately 2.5%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 11.5x is considered stretched. House prices have moved -3.8% year-on-year.