Is it expensive to live in Broadmeadows?

Rents in Broadmeadows take a large share of local incomes. A typical local household earned about $1,151 a week at the last Census, and a house renting for $510 a week would take about 44% of that income while a unit at $480 a week would take about 42%—both are a large share of a typical local household's weekly earnings. Buying sits well above local incomes. The median house price of $630,000 is about 10.5 times a typical local annual household income and the median unit price of $497,500 is about 8.3 times. On these figures both renting and buying look stretched against the local household income, with buying notably further from typical local earnings. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Broadmeadows a good place to invest?

What stands out in Broadmeadows is house values, which rose a solid 9.7% in the last 12 months, while unit values increased a modest 4.8%. House rents rose a modest 2.0% and unit rents rose a modest 4.3%. Put simply, for houses the rise in values outpaced the rise in rents, while for units values and rents moved at a similar pace with values edging rents. 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.

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Broadmeadows suburb profile

Broadmeadows is a northern suburb of Melbourne centred on a long-established town centre and civic precinct, where shopping and council services cluster around the main street. The suburb has open parkland and sporting reserves along creek corridors, which break up pockets of residential streets and neighbouring light industrial zones.

Housing mixes post-war weatherboard and brick homes with mid-century public housing and newer apartment developments close to Broadmeadows station. The area is a recognised transport node, served by the Craigieburn line, a major bus interchange and nearby arterial roads that connect through to the airport and wider road network.

Broadmeadows property market performance

Current median dwelling price$563,750Past 3 months

Property growth+7.2%Past 12 months

Broadmeadows has a median house price of $630,000, up a notable 9.7% over 12 months. Units sit at $497,500, a moderate 4.8% rise over 12 months. House values rose faster than unit values, and houses sold more quickly than units, with medians of 28 days for houses and 41 days for units.

In Broadmeadows house values ran ahead of house rents; house rents rose a mild 2.0% over 12 months.

	Houses	Units
Median price Past 3 months	$630K	$498K
Change in value Past 12 months	9.7%	4.8%
Sold Past 3 months	44	10
Median days on market Past 12 months	28	41
Average rent Past 12 months	$510	$480
Change in rent Past 12 months	2.0%	4.3%

5 year median price trend for houses and units

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Broadmeadows demographics

Broadmeadows is a young community with many renters and incomes below the median for Victoria.

Rented homes are 51.0% of homes and couples with children make up 46.8% of families. At the 2021 Census 12,524 people lived in Broadmeadows.

Broadmeadows and Victoria

	Suburb	VIC
Median age years	32	38
Median household income weekly	$1,151	$1,759
Couples with children share of families	46.8%	45.5%
Couples without children share of families	25.2%	37.6%
One-parent families share of families	25.0%	15.2%
Homes owned outright share of homes	22.1%	33.2%
Homes with a mortgage share of homes	26.9%	37.3%
Homes rented share of homes	51.0%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Broadmeadows infrastructure, key developments and investment opportunities

Broadmeadows is the focus of the Broadmeadows Revitalisation Project, with the federal government providing support for the revitalisation in 2025.

The Victorian government’s Broadmeadows Activity Centre Plan was finalised in 2025 and provides for more homes within the activity-centre core around Broadmeadows train station; in 2024 Hume council was awarded a $3.3 million federal grant and subsequently engaged a consultancy to prepare a precinct roadmap; and Hume ran Project Broadmeadows visioning and community engagement through to April 2026.

Suburbs near Broadmeadows

Some popular suburbs near Broadmeadows include:

How does Broadmeadows compare to nearby suburbs?

Median house prices: Broadmeadows’s median house price is 21.3% lower than Glenroy’s.
Median unit prices: Broadmeadows’s median unit price is 14.2% lower than Glenroy’s.
House price growth: Over the past 12 months, house prices in Broadmeadows have grown 2.9% higher than in Jacana.
Unit price growth: Over the past 12 months, unit prices in Broadmeadows have grown 2.9% higher than in Westmeadows.
Selling speed for houses: Properties in Broadmeadows are selling 20.0% faster than in Dallas.
Selling speed for units: Properties in nearby Glenroy are selling 26.8% faster than in Broadmeadows.
Investment considerations: In Broadmeadows, the rental yield for house is 19.8% lower than the Melbourne average, while the rental yield for units is 19.3% lower.
House price growth: Over the past 12 months, house prices in Broadmeadows have grown 37.7% lower than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Broadmeadows have grown 17.1% lower than the average rate of growth for units across Melbourne.

Common questions about Broadmeadows

Is Broadmeadows a nice place to live?
Broadmeadows centres on a long-established town centre and civic precinct, and Broadmeadows station is a recognised transport node.
The community is relatively young, with many renters and incomes below the median for Victoria, and rented homes are 51.0% of dwellings. Shopping and council services cluster around the main street, there are sporting reserves and open parkland along creek corridors, and transport includes the Craigieburn line, a major bus interchange and arterial roads that connect through to the airport and wider road network. The Broadmeadows Activity Centre Plan has been finalised.
Is it expensive to live in Broadmeadows?
Rents in Broadmeadows take a large share of local incomes. A typical local household earned about $1,151 a week at the last Census, and a house renting for $510 a week would take about 44% of that income while a unit at $480 a week would take about 42%—both are a large share of a typical local household's weekly earnings.

Buying sits well above local incomes. The median house price of $630,000 is about 10.5 times a typical local annual household income and the median unit price of $497,500 is about 8.3 times. On these figures both renting and buying look stretched against the local household income, with buying notably further from typical local earnings.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Broadmeadows a good place to invest?
What stands out in Broadmeadows is house values, which rose a solid 9.7% in the last 12 months, while unit values increased a modest 4.8%. House rents rose a modest 2.0% and unit rents rose a modest 4.3%.

Put simply, for houses the rise in values outpaced the rise in rents, while for units values and rents moved at a similar pace with values edging rents.

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.

Choose the right real estate agents in Broadmeadows

There are 87 real estate agents in Broadmeadows, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 42.5% of all sales in the past year.

Commission rates in Broadmeadows typically range from 1.54% to 2.94%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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