Brunswick East is a well-established suburb in Victoria within the Moreland local government area (postcode 3057). With a population of 13,279, the suburb has a blend of families and working-age professionals with a median age of 33. Households earn a median income of $109K per year, with an average household size of 2 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.
Brunswick East has a median house price of $1.4 million, which has declined by 3.6% year-on-year. Units have a median price of $540,000 (-1.8% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,000.
Brunswick East is served by 3 schools, including 3 primary. The average ICSEA score is 1152, which is well above the national average of 1,000. Public transport access includes 57 bus stops.
On the investment side, The gross rental yield works out to roughly 2.3%, which reads as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 12.5x is considered stretched. House prices have moved -3.6% year-on-year.