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Brunswick suburb profile

Brunswick is a vibrant and eclectic suburb located just 6km north of Melbourne's CBD, known for its rich cultural diversity and bohemian atmosphere. The area is a hub for artists, musicians, and creatives, with a lively arts scene and numerous live music venues. Sydney Road, the suburb's main thoroughfare, is lined with an array of cafes, restaurants, and boutique shops, reflecting its multicultural community. Brunswick offers a mix of Victorian-era homes and modern apartments, appealing to both young professionals and families. Its excellent public transport links and proximity to the city make it a highly sought-after location for those seeking a dynamic urban lifestyle.

Brunswick property market performance

Current median dwelling price$862,500Past 3 months

Property growth+1.1%Past 12 months

Brunswick's property market has experienced modest growth over the past 12 months. House values have increased by 1.2%, with the median house price now at approximately $1.24 million. Meanwhile, unit values have seen a slightly higher increase of 2.1%, bringing the median unit price to $575,000.

Sales activity has been robust, with 94 houses and 102 units sold over the past 12 months. Units are selling faster than houses, with a median of 29 days on the market compared to 38 days for houses, indicating strong demand in the unit sector.

The rental market in Brunswick has shown significant growth, particularly for units, which have seen a 9.5% increase in average rent over the last 12 months. House rents have also risen by 5.4%, reflecting a healthy demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$1.21M$520K
Change in value
Past 12 months
-0.6%2.7%
Sold
Past 3 months
7686
Median days on market
Past 12 months
3829
Average rent
Past 12 months
$780$575
Change in rent
Past 12 months
5.4%9.5%

5 year median price trend for houses and units

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Brunswick demographics

Brunswick, located in Melbourne's inner north, is a vibrant suburb known for its eclectic mix of cultures, lively arts scene, and bustling cafes. With a population of 24,896 and a median age of 34, Brunswick attracts a youthful and diverse community, including students, young professionals, and families. The suburb's proximity to the city centre and excellent public transport options make it a convenient and desirable place to live.

The housing landscape in Brunswick is varied, with nearly half of the properties being rented, reflecting its appeal to those seeking flexible living arrangements. The suburb also has a significant proportion of home ownership, with 24.2% of properties owned outright and 26.8% owned with a mortgage. This mix of renters and homeowners contributes to a dynamic and inclusive community atmosphere.

Family structures in Brunswick are diverse, with 32.2% of households being couple families with children and 53.4% being couple families without children. One-parent families make up 11.3% of the community, while other family types account for 3.1%. This diversity is mirrored in the suburb's vibrant cultural offerings, from its renowned music venues and art galleries to its multicultural festivals and markets. Brunswick's unique blend of urban convenience, cultural richness, and community spirit makes it a sought-after suburb for a wide range of residents.

Brunswick infrastructure, key developments and investment opportunities

Brunswick remains one of Melbourne’s most established inner-city suburbs, with strong appeal from its proximity to the CBD, walkable lifestyle and the Upfield rail corridor. This combination continues to support buyer demand, particularly among professionals, first-home buyers and investors seeking convenience and amenity.

There are no major local infrastructure or redevelopment projects identified in the provided results that are likely to materially shift the property market at this time. Brunswick’s broader attraction still comes from its retail and hospitality strip, established schools and access to transport, which should help underpin long-term desirability.

Brunswick rental market trends

The rental market in Brunswick has experienced moderate growth, with house rents increasing by 5.4% over the past year to $780 per week, while unit rents have seen a more significant rise of 9.5% to $575 per week. With its vibrant community and proximity to Melbourne's CBD, Brunswick continues to attract both renters and investors seeking a dynamic urban lifestyle.

Suburbs near Brunswick

Some popular suburbs near Brunswick include:

How does Brunswick compare to nearby suburbs?

  • Median house prices: Brunswick’s median house price is 7.3% lower than Brunswick East’s.
  • Median unit prices: Brunswick’s median unit price is 13.0% higher than Brunswick West’s.
  • House price growth: Over the past 12 months, house prices in Brunswick have grown 6.5% higher than in Carlton North.
  • Unit price growth: Over the past 12 months, unit prices in Brunswick have grown 2.7% higher than in Brunswick East.
  • Selling speed for houses: Properties in Brunswick are selling 7.3% faster than in Princes Hill.
  • Selling speed for units: Properties in Brunswick are selling 3.3% faster than in Brunswick East.
  • Investment considerations: In Brunswick, the rental yield for house is 23.8% higher than the Melbourne average, while the rental yield for units is 1.9% lower.
  • House price growth: Over the past 12 months, house prices in Brunswick have grown 19.1% higher than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Brunswick have grown 4.0% lower than the average rate of growth for units across Melbourne.

Common questions about Brunswick

  • Is Brunswick a nice place to live?

    Brunswick is a fantastic place to live, offering a delightful blend of urban convenience and cultural vibrancy. This charming suburb is renowned for its bohemian atmosphere and rich cultural tapestry, making it a magnet for artists, musicians, and creatives. The lively vibe is palpable, with an array of cafes, restaurants, and boutique shops that cater to a diverse community. Families will find Brunswick appealing due to its welcoming environment and the availability of both Victorian-era homes and modern apartments, providing a range of housing options to suit different needs.

    Living in Brunswick means enjoying the benefits of excellent public transport links and proximity to Melbourne's CBD, which is just a short commute away. This accessibility makes it an ideal location for those who appreciate a dynamic urban lifestyle without sacrificing the comforts of a close-knit community. The suburb is also known for its safety, with a strong sense of community that contributes to a secure living environment.

    For families, Brunswick offers a variety of amenities, including established schools and green spaces, providing plenty of opportunities for recreation and relaxation. However, the vibrant nightlife and bustling atmosphere might not suit everyone, particularly those seeking a quieter lifestyle. Additionally, the popularity of the area can lead to competitive property markets, which may be a consideration for potential residents. Overall, Brunswick is a delightful suburb that offers a unique blend of cultural richness, urban convenience, and community spirit, making it a wonderful place to call home for families and individuals alike.

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  • Is it expensive to live in Brunswick?

    Living in Brunswick can be quite pricey, especially when you consider its proximity to Melbourne's city center and the lifestyle it offers. The median house price in Brunswick is currently around $1,241,000, which is on the higher side compared to some other Melbourne suburbs. For those looking at units, the median price is more affordable at $575,000. Renting in Brunswick also reflects its popularity, with houses averaging $780 per week and units around $575 per week.

    When you compare this to the Greater Melbourne average household income, which is approximately $105,000 per year, Brunswick's housing costs can take up a significant portion of an average household's income. The weekly household income in Brunswick is about $2,096, which suggests that while the suburb is desirable, it may stretch the budget for those earning around the average income.

    Overall, Brunswick offers a vibrant and diverse community with plenty of amenities and a lively atmosphere. However, the cost of living, particularly in terms of housing, is relatively high. If you're thinking of living in Brunswick, it's important to consider your financial situation and whether it aligns with the expenses associated with this popular inner suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Brunswick a good place to invest?

    Brunswick is a suburb that offers promising investment potential, especially for those interested in rental income. Over the past year, the suburb has seen a modest increase in median house values by 1.2% and a slightly higher rise in unit values at 2.1%. While these figures suggest steady growth rather than explosive capital gains, the real standout is the rental market. Rental prices for houses have increased by 5.4%, and units have seen an impressive 9.5% rise, indicating strong demand from renters.

    Brunswick's appeal lies in its vibrant community, eclectic mix of cafes, shops, and cultural venues, making it a popular choice for young professionals and students. Its proximity to the city and excellent public transport options further enhance its attractiveness. While the capital growth may be moderate, the suburb's strong rental demand and lifestyle appeal make it a solid choice for investors seeking reliable rental returns. With its unique character and ongoing popularity, Brunswick remains a compelling option for those looking to invest in Melbourne's real estate market.

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Choose the right real estate agents in Brunswick

There are 243 real estate agents in Brunswick, 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 19.6% of all sales in the past year.

Commission rates in Brunswick 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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