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Broomfield, VIC 3364
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$480,000
market range $475K-$700K
Median Unit
$555,000
list-price estimate
Gross Yield
-
1yr Growth
-
Investment snapshot for Broomfield
Broomfield has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Broomfield market and investor summary
In Broomfield, VIC 3364, the median house sells for around $480K. At 1.7% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.7% and a resident base that is not shrinking. Houses also take time to sell, around 138 days on market, so plan for a slower exit if you ever need one.
Living in Broomfield: people, income and schools
Broomfield is home to around 213 people, a number that has held fairly steady over five years. At a median age of 49, it reads as skewed a little older, and 92% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $61,000 a year (about $1,170 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 7.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 33% over five years, which tends to underpin what local buyers can pay.
Families have 3 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 213
- +2% over 5yr
- Median age
- 49 years
- Median household income
- $61,000/yr
- Households renting
- 4%
- Family households
- 84%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1014
- Unemployment
- 3.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Broomfield
No properties currently listed in Broomfield
Search Broomfield listings →Frequently asked questions about Broomfield
What should I check before investing in Broomfield?
Broomfield has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.7% 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 Broomfield?
The median property price in Broomfield, VIC 3364 is $480K for houses.
How tight is the rental market in Broomfield?
The current vacancy rate in Broomfield is 1.7%. 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 Broomfield?
Broomfield has a population of approximately 213 residents, with a median age of 49.
What schools are near Broomfield?
There are 3 schools within roughly 5km of Broomfield. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Broomfield affordable to buy in?
A median house in Broomfield costs about 7.9 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 Broomfield's population growing?
The population of Broomfield has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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