Question 1

Is Brookvale a nice place to live?

Accepted Answer

Brookvale is a practical, working suburb on Sydney’s Northern Beaches where a long-standing commercial and light-industrial heart sits alongside residential streets. Warringah Mall and the sporting buzz of Brookvale Oval are local anchors, while main roads are lined with showrooms, warehouses and retail services. Housing mixes older weatherboard and Californian bungalow stock with newer apartment blocks clustered near the shopping precinct, and regular bus services link to nearby beachside suburbs and the city.

Home to 3,389 people with a median age of 37, Brookvale is a suburb of families and is slightly more owner-occupied than rented (54.6% owner-occupied, 45.4% rented). Large-scale planning proposals for the precinct would add about 2,900 new homes, public open space, community facilities and employment floor space, and separate proposals affect Warringah Mall and Brookvale Oval. Whether that combination of everyday convenience, commercial character and planned change suits you will depend on what you’re after in a suburb.

Question 2

Is it expensive to live in Brookvale?

Accepted Answer

On the figures for Brookvale, buying a unit sits well above local incomes at the last Census. The median unit price of $1,155,000 is about 10.4 times a typical local annual household income at the last Census (weekly household income $2,127 × 52 = $110,604), which puts buying a unit well above what households reported at the last Census.

Renting is relatively less stretched but still substantial. A unit rent of $750 a week would take about 35.3% of a typical local household's weekly income at the last Census, a sizeable share, while a house rent of $1,250 a week would take about 58.8% of that income, a large share. If you are renting rather than buying, those rent shares are the most relevant numbers to consider.

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

Question 3

Is Brookvale a good place to invest?

Accepted Answer

Unit values were the standout in Brookvale over the past 12 months, rising 10.1%, a strong increase in what a unit is worth. House values recorded a more modest rise of 3.1% over the same period.

Rents moved more gently: house rents rose 4.2% and unit rents rose 3.0% over the year. That means unit capital growth outpaced unit rental growth, while house rental growth slightly outpaced house capital growth. Which of those patterns matters to you depends on whether you prioritise capital growth or rental income and on your own goals 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.

	Houses	Units
Median price Past 3 months	N/A	$1.16M
Change in value Past 12 months	3.1%	10.1%
Sold Past 3 months	3	17
Median days on market Past 12 months	N/A	16
Average rent Past 12 months	$1250	$750
Change in rent Past 12 months	4.2%	3.0%

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