Located in Victoria within the Moonee Valley local government area, Flemington is a mid-sized suburb (postcode 3031). It is home to about 7,025 residents, with a blend of families and working-age professionals and a median age of 34. Households earn a median income of $79K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Flemington has a median house price of $1.1 million, which has grown strongly by 6.7% year-on-year. Units have a median price of $401,000 (+3% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,074.
Flemington is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1026, which is around the national average of 1,000. Public transport access includes 2 rail stations, 28 bus stops. The crime rate in the Moonee Valley LGA is moderate at 7,876 incidents per 100,000 population.
On the investment side, Flemington shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 13.7x is considered stretched. House prices have moved +6.7% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.