Strathmore Heights is a close-knit residential community in Victoria within the Moonee Valley local government area (postcode 3041). It is home to about 1,047 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $103K 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, clerical & administrative, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Italian.
The median house price in Strathmore Heights is $973,000, having moved lower by 7.9% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,167.
Public transport access includes 8 bus stops. The crime rate in the Moonee Valley LGA is moderate at 7,876 incidents per 100,000 population.
On the investment side, Strathmore Heights shows a gross rental yield of approximately 2.9%, rated as low yield. Property prices are near the state median ($973K/$875K). The price-to-income ratio of 9.5x is considered moderate. House prices have moved -7.9% 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.