Taylors Lakes is a well-established suburb in Victoria within the Brimbank local government area (postcode 3038). With a population of 15,174, the suburb has a mature demographic with a median age of 45. Households earn a median income of $113K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, Italian, English.
The median house price in Taylors Lakes is $945,000, having increased 2.4% over the past year. Units have a median price of $605,000 (+17.5% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,800.
Taylors Lakes is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 9 rail stations, 56 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Taylors Lakes offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($945K/$875K). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +2.4% year-on-year.
Taylors Lakes is a well-established suburb in Victoria within the Brimbank local government area (postcode 3038). With a population of 15,174, the suburb has a mature demographic with a median age of 45. Households earn a median income of $113K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, Italian, English.
The median house price in Taylors Lakes is $945,000, having increased 2.4% over the past year. Units have a median price of $605,000 (+17.5% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,800.
Taylors Lakes is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 9 rail stations, 56 bus stops. The crime rate in the Brimbank LGA is higher than average at 9,438 incidents per 100,000 population.
From an investment perspective, Taylors Lakes offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($945K/$875K). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +2.4% year-on-year.