brunswick east

3057, Victoria

Real Estate & Property Information

Median
Price Rank
116

brunswick east Suburb Profile & Review

Known for its rich multicultural population, Brunswick East is also an inner city haven for young professionals, artists and tertiary students. The area's strong music and pub culture is reflected in the array of pubs and live music venues scattered along Sydney Road.

One of Melbourne's best areas for public transport, Brunswick has three train stations providing services on the Upfield line - Antsey Station, Brunswick Station and Jewell Station - and five tram routes. Also a popular destination for cycling, the suburb is bounded on the east and west by the Merri Creek Trail and the Moonee Ponds Creek Trail, while the Upfield Bike Path follows the Upfield railway line from Fawkner. Soccer, cricket, tennis and football clubs can be found aplenty on ovals, courts and pitches at Gillon Oval, Clifton Park and Gilpin Park. The Brunswick City Baths have a heated outdoor and indoor pool as well as a gymnasium.

Shopping is available in abundance - the lengthy Sydney Road shopping strip boasts exotic ethnic food, cafes, fashion retailers, supermarkets and banks. Undercover shopping centre Barkley Square has over forty specialty stores including a Woolworths and a Kmart. A high proportion of residents are university educated, possibly due to the fact that RMIT University and the University of Melbourne Parkville campus are both mere minutes away.

brunswick east Demographic Data

$ 694,000 Median House Price

15 Minutes Average Commute

33 Median Age

8,476 Population

53.30 % Female

46.70 % Male

2008 NO OF FAMILIES

1.6 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 brunswick east, Victoria.

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brunswick east 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.

brunswick east Median House Prices

  • 2008 $ 510,000
  • 2009 $ 557,500
  • 2010 $ 630,000
  • 2011 $ 693,000
  • 2012 $ 694,000

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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brunswick east 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 brunswick east 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 brunswick east property price predictions.

brunswick east Market Property Types

  • 42 % Seperate House
  • 28 % Semi Detached
  • 30 % 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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brunswick east 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.

brunswick east Income & Mortgage Stats

  • $ 1,468 Median Weekly Household Income
  • $ 2,113 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 brunswick east

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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brunswick east 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.

brunswick east Sold Property Prices

brunswick east 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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brunswick east Restaurants

  • Thaila Thai82 Lygon Stbrunswick east VIC 305703 9387 0659
  • Thai on Street56 Lygon Stbrunswick east VIC 305703 9388 2314
  • Rumi116 Lygon Stbrunswick east VIC 305703 9388 8255

brunswick east Cafes

  • The Alehouse Project98 Lygon Stbrunswick east VIC 305703 9387 1218
  • Piano Piano126c Nicholson Streetbrunswick east VIC 305704 8769 5646
  • New Day Rising221d Blyth Stbrunswick east VIC 305703 9999 9999

brunswick east Schools

  • Brunswick East Primary School195a Stewart Stbrunswick east VIC 3057(03) 9387 3361State Primary School

brunswick east Kindergarten and Preschools

  • East Brunswick Kindergarten2 Noel Streetbrunswick east VIC 3057

Find out How Much your House is Worth in brunswick east

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