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

Brookfield sits on Melbourne's outer west where newer residential estates meet open paddocks. Streets are dominated by modern brick homes on modest blocks, and the area tends to attract young families and first-home buyers. Local life centres on pocket parks, playgrounds and community sports ovals, while shops, schools and broader services are found in nearby Melton.

The community is weighted towards families, with couple families with children making up 53.3% and a median age of 32. Around 70.0% of homes are owner-occupied, many with a mortgage. Commuting is mainly by car, with rail services from Melton, and the suburb is affected by state-led Melton Line upgrades that include a new elevated Melton station and a train stabling yard to increase capacity. Council open-space upgrades are under way and a new Melton Hospital at Cobblebank is being built nearby. Whether that suburban, semi-rural mix suits you depends on what you are looking for in a suburb.

In Brookfield, buying a house at the current median price of $602,500 works out to about 7.1 times a typical local household's annual income at the last Census (median household income $1,642 a week, or $85,384 a year). Renting a house at $450 a week would take about 27.4% of that typical local household's weekly income at the last Census, a moderate share, so on these figures renting looks more manageable than buying against what households earned at the last Census.

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

Median house values in Brookfield rose 10.7% over the past 12 months, a strong increase in what houses are worth over the year. That movement is the relevant figure if you are focused on capital growth; there isn't enough recent data for unit values or for rents, so this read is limited to the houses side and whether it suits your plans depends on your objectives and circumstances.

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.