Clayton is a well-established suburb in Victoria within the Monash local government area (postcode 3168). With a population of 18,988, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $78K per year, with an average household size of 2.5 people. The most common occupations are professionals, labourers, community & personal service. The top ancestries reported are Chinese, Indian, English.
The median house price in Clayton is $1.2 million, having dipped slightly 0.4% over the past year. Units have a median price of $748,000 (+10% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,000.
Clayton is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 1091, which is above the national average of 1,000. Public transport access includes 5 rail stations, 87 bus stops. Healthcare facilities include 1 public and 4 private hospitals. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Clayton offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 15.0x is considered stretched. House prices have moved -0.4% year-on-year.
Clayton is a well-established suburb in Victoria within the Monash local government area (postcode 3168). With a population of 18,988, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $78K per year, with an average household size of 2.5 people. The most common occupations are professionals, labourers, community & personal service. The top ancestries reported are Chinese, Indian, English.
The median house price in Clayton is $1.2 million, having dipped slightly 0.4% over the past year. Units have a median price of $748,000 (+10% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,000.
Clayton is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 1091, which is above the national average of 1,000. Public transport access includes 5 rail stations, 87 bus stops. Healthcare facilities include 1 public and 4 private hospitals. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Clayton offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 15.0x is considered stretched. House prices have moved -0.4% year-on-year.