Located in Victoria within the Stonnington local government area, Kooyong is a close-knit residential community (postcode 3144). The area has roughly 842 residents and an established demographic, with a median age of 44. Households earn a median income of $167K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% 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, Scottish.
Units have a median price of $1.1 million (+8.4% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $3,425.
Public transport access includes 2 rail stations, 5 bus stops. The crime rate in the Stonnington LGA is higher than average at 12,012 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 6.6x is considered moderate. House prices have moved +8.4% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.