Fawkner (postcode 3060) is an established suburb in Victoria within the Moreland local government area. With a population of 14,274, the suburb has a mix of families and early-career residents with a median age of 35. Households earn a median income of $74K per year, with an average household size of 2.8 people. 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Italian, Australian, English.
Fawkner has a median house price of $805,000, which has risen by 3.2% year-on-year. Units have a median price of $600,000 (+9.1% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 3.4%. 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.
Looking at the investment signals, Fawkner shows a gross rental yield of approximately 3.4%, rated as moderate yield. Property prices are near the state median ($805K/$875K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +3.2% year-on-year.