Cairnlea is a well-established suburb in Victoria within the Brimbank local government area (postcode 3023). With a population of 10,038, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $107K per year, with an average household size of 3.4 people. The most common occupations are professionals, clerical & administrative, labourers. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Cairnlea is $933,000, having dipped slightly 0.8% over the past year. Units have a median price of $414,000 (-2.7% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,883.
Cairnlea is served by 1 school, including 1 primary. The average ICSEA score is 1023, which is around the national average of 1,000. Public transport access includes 7 rail stations, 8 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Cairnlea offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($933K/$875K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved -0.8% year-on-year.
Cairnlea is a well-established suburb in Victoria within the Brimbank local government area (postcode 3023). With a population of 10,038, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $107K per year, with an average household size of 3.4 people. The most common occupations are professionals, clerical & administrative, labourers. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Cairnlea is $933,000, having dipped slightly 0.8% over the past year. Units have a median price of $414,000 (-2.7% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,883.
Cairnlea is served by 1 school, including 1 primary. The average ICSEA score is 1023, which is around the national average of 1,000. Public transport access includes 7 rail stations, 8 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Cairnlea offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($933K/$875K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved -0.8% year-on-year.