braybrook

3019, Victoria

Real Estate & Property Information

Median
Price Rank
307

braybrook Suburb Profile & Review

Braybrook is an up and coming suburb in Melbourne's west, located only twenty minutes from the city centre. Once full of factory sites, development has made the area attractive to first home buyers. Immigrants are also drawn to educational facilities such as the Western English Language Centre.

The Braybrook Community Centre is a fabulous modern resource catering to the western suburbs. It features a healthcare centre, childcare facilities, rooms for hire and a community garden. An aviation themed shopping centre called Central West Plaza (built on the grounds of a former RAAF base) offers something a little different on Ashley Street, while West Footscray's bustling markets are also close at hand.

Public transport in the area is extensive. Cyclists enjoy use of the Maribyrnong River Trail, which meanders through the suburb on its way towards the Docklands. Six bus routes offer transport to surrounding suburbs. Tyabb and Sunshine railway stations are both conveniently close for train travel into the city.

braybrook Demographic Data

$ 433,500 Median House Price

22 Minutes Average Commute

32 Median Age

8,180 Population

50.42 % Female

49.58 % Male

1931 NO OF FAMILIES

2.0 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in braybrook, Victoria.

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braybrook Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

braybrook Median House Prices

  • 2008 $ 280,500
  • 2009 $ 341,500
  • 2010 $ 370,050
  • 2011 $ 457,500
  • 2012 $ 433,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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braybrook 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in braybrook have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term braybrook property price predictions.

braybrook Market Property Types

  • 62 % Seperate House
  • 16 % Semi Detached
  • 21 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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braybrook Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

braybrook Income & Mortgage Stats

  • $ 792 Median Weekly Household Income
  • $ 1,520 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in braybrook

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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braybrook Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

braybrook Sold Property Prices

braybrook Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

braybrook Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

braybrook Restaurants

  • Westend Pizza and Pasta Bar150 Churchill Avenuebraybrook VIC 301903 9311 9000
  • Speedys Pizza292 Ballarat Rd braybrook VIC 301903 9364 9230
  • Quan Viet103 South Road braybrook VIC 301903 9312 1009

braybrook Cafes

  • Hellens CafeUnit 9/178 Duke Streetbraybrook VIC 301903 9312 3596

braybrook Schools

  • Caroline Chisholm College (St. Johns Campus & Sacred Heart C204 Churchill Avenuebraybrook VIC 3019(03) 9296 5311Catholic Secondary School
  • Caroline Chisholm College (Christ the King Campus)65 Churchill Avenuebraybrook VIC 3019(03) 9296 5311Catholic Secondary School
  • Caroline Chisholm College (St. Johns Campus & Sacred Heart C204 Churchill Avenuebraybrook VIC 3019(03) 9296 5311Catholic Secondary School

braybrook Childcare

  • ABC Learning Centre1 Vine Stbraybrook VIC 3019
  • Little Champs Child Care97A-101 Hargreaves Crbraybrook VIC 3019
  • Rec WestLily Streetbraybrook VIC 3019

braybrook Kindergarten and Preschools

  • Cherry Crescent PreschoolCherry Crescentbraybrook VIC 3019
  • Rec WestLily Streetbraybrook VIC 3019

braybrook Sporting Centres and Clubs

  • Sunshine VRIbraybrook VIC 3019Tennis Club & Courts
  • Sunshine Recwestbraybrook VIC 3019Netball Club
  • Southern Cross Archerybraybrook VIC 3019

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