Fraud Blocker

Brunswick West, VIC 3055

Home » VIC Real Estate Data » Moreland City, VIC » Brunswick West, VIC 3055

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Brunswick West, VIC 3055 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Brunswick West, VIC 3055”

  1. The total adult population (15 years or older) of Brunswick West 3055 VIC is 12,865, with a median age of 34. Of those, 30.88% are married, 9.23% are divorced or separated, 56.26% are single and 3.62% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $10,156. The median monthly mortgage repayment for households in this suburb is $2,000 which is 19.69% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Brunswick West 3055 is a vibrant community comprising around 8479 households. As we head into the third quarter of 2023, the property market in this area presents a mixed bag of opportunities and challenges for potential investors and buyers.

    Focusing on houses, the typical price in Brunswick West stands at $1,226,518. Median weekly rent for these properties is at $636, resulting in an indicative yield of 2.7%. Although below the 3% yield that property investors commonly seek, the final return could be swayed by other favourable features the market may present.

    Brunswick West prides itself on its positive socio-economic standing, with an IRSAD score of 1075 out of 1217. This indicates the residents generally have good access to economic resources, maintain substantial income levels, and are often in skilled professions.

    In terms of property ownership, Brunswick West presents a renter to owner ratio of 48%. This is somewhat high, suggesting a bigger competition among landlords. Similarly, the units to houses ratio stands at 56%, indicating a surplus of units on the market that can potentially contribute to investor competition and lower rent prices.

    One of the challenges in this market is property affordability. The affordability index for houses is calculated at a somewhat steep 47 years, exceeding the standard 30-year mortgage expectation, indicating that properties in this suburb might be out of reach for some potential buyers.

    Supply and demand metrics present an encouraging picture. The suburb displays a reasonably low stock on market Percentage for houses at 0.25%, indicating a limited supply that could drive up demand. This is further supported by the inventory level for houses, which is rather favourable at 0.94 months. The building approvals ratio for houses, which sits at a reasonable 0.45%, suggest a balanced new dwelling stock supply.

    The market echoes strong demand shown by a very short period of days on market for houses (16 days), coupled with a very low vacancy rate at 0.72%. However, the buy search index for houses, is currently at 3, indicating that the demand might be comparatively limited.

    In conclusion, Brunswick West’s property market presents multiple characteristics that both challenge and reward investors. Its strong socio-economic features and demand indicators are appealing, but the affordability and renter to owner ratio might raise some red flags. Prospective investors should approach this market with a comprehensive understanding of these data and maintain a close eye on any market shifts.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment