Get a property report and suburb profile for any property in Taylors Hill

Taylors Hill is a family-oriented outer north-west Melbourne suburb of modern housing estates, with brick single- and double-storey homes on curving streets and quiet cul-de-sacs. The area is shaped by its green spaces — neighbourhood reserves, playgrounds, sports ovals and walking and cycling paths that follow local creeks and wetlands — while day-to-day life centres on small shopping strips, primary schools and community facilities. Bus services and arterial roads link the suburb to nearby train stations and larger centres, so it appeals to families and people after a calm suburban lifestyle with easy access to recreation and commuter routes.

The community numbers 15,419 people, with a median age of 35 and a median household income of $2,374 a week. Households are weighted towards families — about two in three are couple families with children — and home ownership is dominant at about 90.1%. Taylors Hill has seen a number of council-delivered upgrades, including a pavilion and community centre refurbishment, and there is an ongoing road corridor program with intersection and duplication works underway or planned. Whether it suits you comes down to what you want from suburb life.

For Taylors Hill, housing costs sit differently for renters and buyers when compared with what a typical local household earned at the last Census. A house rent of $575 a week would take about 24.2% of that weekly household income, a moderate share. The median house price of $940,000 works out to about 7.6 times a typical local annual household income at the last Census, which sits in the well above local incomes band. If you're renting rather than buying, the rent share is the most relevant figure; whether it 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.

If you're weighing Taylors Hill as an investment, the clearest movement over the past year has been on the house side. Median house values rose a solid 6.3% while the rent those houses earn edged up 0.9%.

Put simply, capital growth has been the stronger performer for houses this year, whereas rental income from houses changed only slightly. Whether that balance suits your plans depends on your individual 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.