Brunswick West (postcode 3055) is an established suburb in Victoria within the Moreland local government area. With a population of 14,746, the suburb has a mix of families and early-career residents with a median age of 34. Households earn a median income of $93K 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 healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in Brunswick West is $1.1 million, having declined steeply by 18.6% over the past year. Units have a median price of $396,000 (-16% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,000.
Brunswick West is served by 4 schools, including 4 primary. The average ICSEA score is 1146, which is well above the national average of 1,000. Public transport access includes 91 bus stops.
From an investment perspective, Gross rental yield sits at around 2.3% (low yield). Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 11.6x is considered stretched. House prices have moved -18.6% year-on-year.