Mooroolbark is a sizeable suburb in Victoria within the Yarra Ranges local government area (postcode 3138). The area has roughly 23,059 residents and a mix of families and early-career residents, with a median age of 37. Households earn a median income of $104K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, technicians & trades, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Mooroolbark has a median house price of $858,000, which has risen by 4.6% year-on-year. Units have a median price of $703,000 (+1.8% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,000.
Mooroolbark is served by 10 schools, including 6 primary, 2 secondary, 2 combined. The average ICSEA score is 1007, which is around the national average of 1,000. Public transport access includes 3 rail stations, 41 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.6%, which reads as moderate yield. Property prices are near the state median ($858K/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +4.6% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.