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

Strathmore is an established inner-north suburb with leafy streets, a strong period-housing character and a quietly suburban feel. It attracts families and professionals seeking a calm residential setting with convenient connections. A compact village shopping strip provides cafes, everyday services and small retailers, while local parks and sports ovals give green space for weekends. Strathmore station offers regular rail access to the city, and the suburb sits near Essendon Airport and major arterial roads, making commuting straightforward. The community of 8,980 has a median age of 41 and a median household income of $2,506 a week, and the area is dominated by family households with most homes owner-occupied (82.8%).

The suburb has seen a number of recent public works, including a new playspace at Strathaird Reserve, Moonee Ponds Creek renaturalisation and shared path upgrades with access improvements near Mascoma Street and Pascoe Vale Road, a major upgrade to Strathmore Secondary College, and a Stage 2 Strathmore Children’s Centre project in council material. Whether Strathmore suits you comes down to whether you value that calm, well-serviced residential setting and its connections.

At a median house price of $1,392,500, buying in Strathmore works out to about 10.7 times a typical local household's annual income at the last Census. Renting is lighter by comparison: $750 a week for a house would take about 29.9% of that weekly household income at the last Census, while $550 a week for a unit would take about 22.0%. On these figures buying sits well above local incomes at the last Census, while renting would take a moderate share of a typical household's income; whether that feels expensive depends on your own circumstances.

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

Over the past 12 months Strathmore shows a clear split between values and rents. House values fell 6.9% while house rents rose a solid 7.1%, so on the houses side rental income moved up even as capital value declined. Units tell a different short-term story: unit values edged up 1.7% while unit rents jumped 10.0%, so rents on units increased much more than their prices over the year.

If rental income is your priority, the rent movements — particularly the 10.0% rise in unit rents — are the figures that matter. If capital growth is what you care about, note that house prices fell and unit values only rose slightly. Whether that balance suits your plans depends 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.