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Brooklyn, VIC 3012

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$875,000

market range $825K-$900K

Median Unit

$590,000

list-price estimate

Gross Yield (houses)

3.5%

1yr Growth (houses)

-0.8%

market range -15.0% to +12.5%

Investment snapshot for Brooklyn

Brooklyn has enough public data for first-pass screening across yield, vacancy, price and supply signals.

Read the full Brooklyn verdict

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Brooklyn market and investor summary

Brooklyn (VIC 3012) runs a median house price of $875K, with houses yielding a gross 3.5%. House prices have moved -0.8% over the past year. At 0.8% vacancy, it is a tight rental market that favours landlords.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking. Houses also take time to sell, around 76 days on market, so plan for a slower exit if you ever need one.

Living in Brooklyn: people, income and schools

Brooklyn has a resident population of roughly 1,979, a number that has held fairly steady over five years. The median age is 34, broadly working-age.

Households here earn a median of about $102,000 a year, or roughly $1,960 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.6 times local household income, in line with much of metropolitan Australia. Incomes have risen about 36% over five years, which tends to underpin what local buyers can pay.

There are 54 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 11 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 58 for walkability and 9 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
1,979
+5% over 5yr
Median age
34 years
Median household income
$102,000/yr
Households renting
42%
Family households
38%
Socio-economic rank
7/10
ABS advantage index
Schools within 5km
54
avg ICSEA 1079
Unemployment
5.0%
Distance to CBD
11 km
Walk score
58/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Brooklyn

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Frequently asked questions about Brooklyn

What should I check before investing in Brooklyn?

Brooklyn has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Brooklyn?

The median property price in Brooklyn, VIC 3012 is $875K for houses.

What rental yield does Brooklyn show?

The gross rental yield in Brooklyn is 3.5% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Brooklyn?

House prices in Brooklyn are down 0.8% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Brooklyn?

The current vacancy rate in Brooklyn is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Brooklyn?

Brooklyn has a population of approximately 1,979 residents, with a median age of 34.

What schools are near Brooklyn?

There are 54 schools within roughly 5km of Brooklyn. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Brooklyn affordable to buy in?

A median house in Brooklyn costs about 8.6 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Brooklyn's population growing?

The population of Brooklyn has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Brooklyn from the CBD?

Brooklyn is about 11 km from the CBD.

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