Located in Victoria within the Monash local government area, Clayton is a well-established suburb (postcode 3168). It is home to about 18,988 residents, with a young professional demographic and a median age of 28. Households earn a median income of $78K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. 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, labourers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Chinese, Indian, English.
Clayton has a median house price of $1.2 million, holding roughly steady year-on-year. Units have a median price of $570,000 (-23.8% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.7%. 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, The gross rental yield works out to roughly 2.7%, which reads 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. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.