brooklyn

3012, Victoria

Real Estate & Property Information

Median
Price Rank
271

brooklyn Suburb Profile & Review

Brooklyn is primarily an industrial suburb in Melbourne's west, and as a result, its residential areas are quiet and safe. Homes and backyards are large; something of an anomaly only fifteen minutes from the city! Logistics organisations and Huntsman, a large chemical manufacturing plant, employ many of the local residents, though city workers are also beginning to discover Brooklyn due to the convenience of the commute.

On Francis Street there is a Mitre 10 Home and Trade centre, while Coles, Safeway, Kmart and other smaller retailers can be found at Altona Gate Shopping Centre, about five minutes along the Princes Highway. The Princes Highway, West Gate Freeway and Western Ring Road are all easily accessible, making travel into the city, down to Williamstown Beach, or out to Geelong incredibly straightforward. Bike riders may prefer the Federation Trail, which is an alternative route to the Princes Freeway and passes along the Kororoit Creek.

DN Duanne Reserve on Primula Avenue has a playground and a sizable sports oval for football and soccer. Annunciation Primary School is located in Brooklyn, while older students have the flexibility to attend school in nearby Altona North or Laverton.

brooklyn Demographic Data

$ 471,000 Median House Price

17 Minutes Average Commute

37 Median Age

1,640 Population

49.51 % Female

50.49 % Male

433 NO OF FAMILIES

1.7 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 brooklyn, Victoria.

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brooklyn 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.

brooklyn Median House Prices

  • 2008 $ 320,500
  • 2009 $ 393,000
  • 2010 $ 400,000
  • 2011 $ 470,000
  • 2012 $ 471,000

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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brooklyn 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 brooklyn 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 brooklyn property price predictions.

brooklyn Market Property Types

  • 63 % Seperate House
  • 14 % Semi Detached
  • 20 % Flat or Unit
  • 4 % 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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brooklyn 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.

brooklyn Income & Mortgage Stats

  • $ 1,029 Median Weekly Household Income
  • $ 1,700 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 brooklyn

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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brooklyn 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.

brooklyn Sold Property Prices

brooklyn 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.

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brooklyn Cafes

  • Foam Boot Car Wash and Cafe551 Geelong Roadbrooklyn VIC 301203 9318 9959
  • Warehouse CafeUnit 9A, 640-680 Geelong Roadbrooklyn VIC 301203 9314 0623

brooklyn Schools

  • Annunciation Primary School4-14 Nolan Avenuebrooklyn VIC 3012(03) 9314 6271Catholic Primary School

brooklyn Kindergarten and Preschools

  • Frances Sullivan Preschool Ctr35 Nolan Avenuebrooklyn VIC 3012

brooklyn Sporting Centres and Clubs

  • Brooklyn Tennis Clubbrooklyn VIC 3012Tennis Club & Courts

Find out How Much your House is Worth in brooklyn

Request a free market Basic Report for brooklyn to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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