Notting Hill is a smaller suburb in Victoria within the Monash local government area (postcode 3168). With a population of 2,895, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $82K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Chinese, English, Australian.
The median house price in Notting Hill is $1.2 million, having grown strongly 8.1% over the past year. Units have a median price of $425,000 (+6.2% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,876.
Public transport access includes 16 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Notting Hill offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +8.1% year-on-year.
Notting Hill is a smaller suburb in Victoria within the Monash local government area (postcode 3168). With a population of 2,895, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $82K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Chinese, English, Australian.
The median house price in Notting Hill is $1.2 million, having grown strongly 8.1% over the past year. Units have a median price of $425,000 (+6.2% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,876.
Public transport access includes 16 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Notting Hill offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +8.1% year-on-year.