Get a property report and suburb profile for any property in Abbotsford

Abbotsford sits on the banks of the Yarra River where a strong industrial past meets a creative, riverside lifestyle. Historic brick factories and workers cottages sit beside converted warehouses and contemporary apartment blocks, many housing studios, galleries, boutique breweries and cafés. The Abbotsford Convent precinct, including the restored Mary Magdalen laundries now used for performances and events, and nearby Yarra Bend parkland give plenty of riverside walking and cycling via the Main Yarra Trail, while regular trams and trains add everyday convenience.

Home to about 9,088 people with a median age of 33 and a median household income of $2,197 a week, Abbotsford attracts young professionals, artists and families. Couples, with and without children, make up the large majority of families, and dwellings are more often rented than owner-occupied (56.6% rented). If you value an inner-city, culturally active riverside setting with good public transport, Abbotsford is worth a look; whether it suits you depends on what you prioritise in a suburb.

Buying in Abbotsford looks stretched against local incomes at the last Census. The median house price of $1,340,000 is about 11.7 times a typical local household's annual income at the last Census, while the median unit price of $465,463 is about 4.1 times that annual income. On the rental side, house rent of $850 a week would take roughly 38.7% of a typical local household's weekly income at the last Census, a sizeable share, and unit rent of $600 a week would take about 27.3%, a moderate share. Which of those feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Abbotsford shows a clear split between houses and units over the past 12 months. House values rose 5.3% while unit values fell 4.8%. At the same time house rents increased 6.2% and unit rents increased 5.3%.

Put simply, the figures point to capital growth for houses this year and a modest decline for units, while rental income rose on both sides — house rents grew slightly faster than house values and a little ahead of unit rents. Which of those outcomes matters most depends on whether you prioritise capital growth or rental income in your investing goals.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.