Taylors Hill is a well-established suburb in Victoria within the Melton local government area (postcode 3037). With a population of 15,419, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $123K per year, with an average household size of 3.5 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Maltese.
The median house price in Taylors Hill is $885,000, having dipped slightly 2.4% over the past year. Units have a median price of $564,000 (+7.4% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,000.
Taylors Hill is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1050, which is above the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Taylors Hill offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($885K/$875K). The price-to-income ratio of 7.2x is considered moderate. House prices have moved -2.4% year-on-year.
Taylors Hill is a well-established suburb in Victoria within the Melton local government area (postcode 3037). With a population of 15,419, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $123K per year, with an average household size of 3.5 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Maltese.
The median house price in Taylors Hill is $885,000, having dipped slightly 2.4% over the past year. Units have a median price of $564,000 (+7.4% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,000.
Taylors Hill is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1050, which is above the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Taylors Hill offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($885K/$875K). The price-to-income ratio of 7.2x is considered moderate. House prices have moved -2.4% year-on-year.