Located in Victoria within the Moreland local government area, Hadfield is a medium-sized suburb (postcode 3046). It is home to about 6,269 residents, with a mix of families and early-career residents and a median age of 36. Households earn a median income of $79K per year, with an average household size of 2.5 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, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, Italian, English.
Hadfield has a median house price of $851,000, holding roughly steady year-on-year. Units have a median price of $455,000 (-25.6% YoY). The median weekly rent is $370 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,000.
Hadfield is served by 1 school, including 1 primary. The average ICSEA score is 1074, which is above the national average of 1,000. Public transport access includes 3 rail stations, 33 bus stops.
From an investment perspective, Hadfield shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are near the state median ($851K/$875K). The price-to-income ratio of 10.7x is considered stretched. House prices have moved +0.1% year-on-year.