Fawkner is a well-established suburb in Victoria within the Moreland local government area (postcode 3060). With a population of 14,274, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $74K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Italian, Australian, English.
The median house price in Fawkner is $780,000, having risen modestly 1.3% over the past year. Units have a median price of $550,000 (-7.2% YoY). The median weekly rent is $376 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,876.
Fawkner is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 6 rail stations, 72 bus stops.
From an investment perspective, Fawkner offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($780K/$875K). The price-to-income ratio of 10.5x is considered stretched. House prices have moved +1.3% year-on-year.
Fawkner is a well-established suburb in Victoria within the Moreland local government area (postcode 3060). With a population of 14,274, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $74K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Italian, Australian, English.
The median house price in Fawkner is $780,000, having risen modestly 1.3% over the past year. Units have a median price of $550,000 (-7.2% YoY). The median weekly rent is $376 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,876.
Fawkner is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 6 rail stations, 72 bus stops.
From an investment perspective, Fawkner offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($780K/$875K). The price-to-income ratio of 10.5x is considered stretched. House prices have moved +1.3% year-on-year.