Flemington is a mid-sized suburb in Victoria within the Moonee Valley local government area (postcode 3031). With a population of 7,025, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $79K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Flemington is $1.1 million, having grown strongly 6.7% over the past year. Units have a median price of $389,000 (+1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.4%. 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.
From an investment perspective, Flemington offers a gross rental yield of 2.4%, 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.
Flemington is a mid-sized suburb in Victoria within the Moonee Valley local government area (postcode 3031). With a population of 7,025, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $79K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Flemington is $1.1 million, having grown strongly 6.7% over the past year. Units have a median price of $389,000 (+1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.4%. 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.
From an investment perspective, Flemington offers a gross rental yield of 2.4%, 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.