Sydenham is a well-established suburb in Victoria within the Brimbank local government area (postcode 3037). With a population of 10,578, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $94K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Sydenham is $704,000, having declined 5.1% over the past year. Units have a median price of $511,000 (+8.6% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,680.
Sydenham is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1036, which is around the national average of 1,000. Public transport access includes 29 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Sydenham offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($704K/$875K). The price-to-income ratio of 7.5x is considered moderate. House prices have moved -5.1% year-on-year.
Sydenham is a well-established suburb in Victoria within the Brimbank local government area (postcode 3037). With a population of 10,578, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $94K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Sydenham is $704,000, having declined 5.1% over the past year. Units have a median price of $511,000 (+8.6% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,680.
Sydenham is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1036, which is around the national average of 1,000. Public transport access includes 29 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Sydenham offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($704K/$875K). The price-to-income ratio of 7.5x is considered moderate. House prices have moved -5.1% year-on-year.