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Brooklyn suburb profile

Brooklyn is a small, industrial suburb located approximately 10km west of Melbourne's CBD, known for its strategic location and industrial heritage. It offers a mix of residential and commercial areas, with a growing number of families and professionals attracted to its affordability and proximity to the city. The suburb is well-connected by major roads and public transport, providing easy access to Melbourne and surrounding areas. While Brooklyn is primarily industrial, it has pockets of green spaces and a developing community vibe. Its evolving landscape and convenient location make it an appealing option for those seeking a balance between urban and suburban living.

Brooklyn property market performance

Current median dwelling price$698,750Past 3 months

Property growth+1.1%Past 12 months

Brooklyn’s property market has experienced modest growth over the past 12 months. House values have increased by 1.6%, with the current median house price at $805,000. Although there is no current median unit price, unit values have seen a 4.7% increase. Over the past three months, 14 houses and 4 units have been sold, indicating a relatively low sales volume.

Properties in Brooklyn are spending a considerable amount of time on the market, with houses taking a median of 75 days and units 74 days, suggesting a slower market pace. The rental market has remained stable for houses, with no change in average rent, while units have seen a 4.5% increase in rent, reflecting a slight uptick in demand for rental units.

HousesUnits
Median price
Past 3 months
$755KN/A
Change in value
Past 12 months
0.6%1.5%
Sold
Past 3 months
155
Median days on market
Past 12 months
6539
Average rent
Past 12 months
$555$500
Change in rent
Past 12 months
N/A8.7%

5 year median price trend for houses and units

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Brooklyn demographics

Brooklyn, located in Melbourne's western suburbs, is a small yet vibrant community known for its proximity to the city and its blend of residential and industrial areas. With a population of 1,979, Brooklyn offers a close-knit community feel while still being conveniently connected to the broader Melbourne area. The median age of 34 suggests a youthful and dynamic population, with many young families and professionals calling the suburb home.

The suburb's housing landscape is diverse, with a significant portion of properties being rented, accounting for 40.6% of the housing market. This indicates a flexible living environment that appeals to both short-term residents and those seeking more permanent arrangements. Meanwhile, 21.6% of properties are owned outright, and 37.9% are owned with a mortgage, reflecting a stable community with a mix of long-term homeowners and new buyers entering the market.

Family life in Brooklyn is well-represented, with couple families with children making up 35.2% of the population, and couple families without children accounting for 45.1%. One-parent families also form a notable part of the community at 16.4%. The suburb's median total household income of $1,958 per week suggests a comfortable standard of living, attracting a diverse range of residents who appreciate the balance of urban convenience and suburban tranquility that Brooklyn offers.

Suburbs near Brooklyn

Some popular suburbs near Brooklyn include:

How does Brooklyn compare to nearby suburbs?

  • Median house prices: Brooklyn’s median house price is 17.9% lower than Altona North’s.
  • Median unit prices: Brooklyn’s median unit price is 18.4% higher than Sunshine West’s.
  • House price growth: Over the past 12 months, house prices in Brooklyn have grown 0.8% higher than in South Kingsville.
  • Unit price growth: Over the past 12 months, unit prices in Brooklyn have grown 13.8% higher than in South Kingsville.
  • Selling speed for houses: Properties in Brooklyn are selling 12.2% faster than in South Kingsville.
  • Selling speed for units: Properties in Brooklyn are selling 11.4% faster than in Altona North.
  • Investment considerations: In Brooklyn, the rental yield for house is 11.9% lower than the Melbourne average, while the rental yield for units is 14.7% lower.
  • House price growth: Over the past 12 months, house prices in Brooklyn have grown 23.5% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Brooklyn have grown 10.0% higher than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Brooklyn

Choosing the right real estate agent in Brooklyn can have a big impact on your sale. While there are 32 real estate agents working in the suburb, but just 5 of them were responsible for 60.5% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.75% to 2.88%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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