Clifton Hill is a mid-sized suburb in Victoria within the Yarra local government area (postcode 3068). With a population of 6,606, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $143K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Clifton Hill is $1.5 million, having dropped significantly 15.7% over the past year. Units have a median price of $737,000 (+15.5% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,700.
Clifton Hill is served by 2 schools, including 2 primary. The average ICSEA score is 1178, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 17 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Clifton Hill offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 10.5x is considered stretched. House prices have moved -15.7% year-on-year.
Clifton Hill is a mid-sized suburb in Victoria within the Yarra local government area (postcode 3068). With a population of 6,606, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $143K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Clifton Hill is $1.5 million, having dropped significantly 15.7% over the past year. Units have a median price of $737,000 (+15.5% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,700.
Clifton Hill is served by 2 schools, including 2 primary. The average ICSEA score is 1178, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 17 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Clifton Hill offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 10.5x is considered stretched. House prices have moved -15.7% year-on-year.