Strathmore (postcode 3041) is a moderately sized suburb in Victoria within the Moonee Valley local government area. With a population of 8,980, the suburb has a settled mid-life population with a median age of 41. Households earn a median income of $130K 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 +1.0% 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 education. The top ancestries reported are Australian, English, Italian.
Strathmore has a median house price of $1.6 million, which has surged by 13.8% year-on-year. Units have a median price of $588,000 (-18.4% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,579.
Strathmore is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1108, which is well above the national average of 1,000. Public transport access includes 44 bus stops. The crime rate in the Moonee Valley LGA is moderate at 7,876 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.8%, which reads as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 12.4x is considered stretched. House prices have moved +13.8% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.