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- July 12, 2025
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Brookfield, Victoria. Why Should Investors Invest in Brookfield, VIC?
Brookfield, located approximately 39 km west of Melbourne’s Central Business District within the City of Melton, offers a unique blend of semi-rural charm and suburban convenience. Known for its spacious properties and a strong sense of community, Brookfield has experienced significant growth, transforming from “Brookfield Estates” in the 1980s to a thriving residential area with popular estates like Maddison Gardens, Botanica Springs, and Silverdale.
Demographics & Lifestyle:
– Population: Brookfield recorded a population of 10,782 at the 2021 census, showing a healthy growth of 17% between 2016 and 2021.
– Age Profile: The predominant age group in Brookfield is 0-9 years, followed by 20-29 years, indicating a young and family-oriented demographic. The median age is 32.
– Households: Primarily composed of couples with children, making it an attractive location for families.
– Occupancy: In 2021, 68% of homes were owner-occupied, suggesting a stable and settled community.
– Income: The median weekly household income in Brookfield was $1,642 in 2021. Many residents work in trades occupations.
– Education: Brookfield has a good selection of public and private schools within a 10-minute drive, including Melton Christian College, Al Iman College, St Anthonys PS, and Melton Secondary. There are also numerous childcare centers.
– Amenities: Residents enjoy easy access to essential amenities, with Melton Train Station, Woodgrove Shopping Centre, Woolworths, Coles, ALDI, IGA, and various parks and playgrounds all within a 5-10 minute drive.
– Transport: While Sunshine Station is the nearest major train hub (approx. 10km east), providing access to the wider Melbourne network, Brookfield offers quick freeway access. The average number of vehicles per household is 2.
Property Market Trends (as of July 2025 data available):
– Median House Price: Approximately $547,500 – $550,000 (note: some sources show slight variations).
– Rental Yield (Houses): Around 4.12% to 4.25% with a median weekly rent of $450.
– Days on Market: Houses typically spend around 33-76 days on the market.
– Recent Growth: While some recent data shows a slight negative growth in the past quarter/year for houses, the average annual growth is still positive (+3.54%). This could indicate a potential market correction or plateau after previous strong growth.
Why Should Investors Invest in Brookfield, VIC?
Brookfield presents a compelling investment opportunity, particularly for those looking for long-term growth and stable rental income:
1. Affordability & Value: Compared to inner-city Melbourne, Brookfield offers significantly more affordable property options, allowing investors to enter the market at a lower price point while still being within a commutable distance to the CBD.
2. Population Growth: The consistent population growth (17% between 2016-2021) indicates increasing demand for housing. This demographic trend suggests strong future rental demand and potential for capital appreciation.
3. Family-Friendly Appeal: The high proportion of families with children means a strong and consistent demand for rental properties suitable for family living, often leading to longer tenancy periods.
4. Established Infrastructure: With numerous schools, shopping centers, and parks already in place, Brookfield is a well-serviced community. This established infrastructure makes it attractive to renters and contributes to its liveability.
5. Community Vibe: Brookfield’s reputation for being safe, friendly, and having a strong community feel makes it a desirable place to live, which in turn attracts and retains tenants.
6. Yield Potential: Current rental yields for houses are competitive, offering a reasonable return on investment, especially given the relatively lower entry price.
7. Future Development Potential: As part of the broader Melton growth corridor, Brookfield is poised to benefit from ongoing regional development and infrastructure upgrades.
Big Projects Coming to or Close to Brookfield, VIC:
Brookfield is strategically located to benefit from several significant infrastructure and development projects in the broader Melton and Western Melbourne growth areas:
– Western Freeway Upgrades: Ongoing and planned upgrades to the Western Freeway, including sections from Melton to Caroline Springs, will improve connectivity to Melbourne’s CBD and other major hubs, reducing travel times and enhancing accessibility for residents.
– Melton Growth Corridor: The City of Melton is one of Victoria’s fastest-growing municipalities. This growth is supported by numerous Precinct Structure Plans (PSPs), which are high-level master plans for entire communities. While Brookfield is an established suburb, new PSPs like the Melton East PSP will bring further residential, commercial, and community developments to the surrounding areas, increasing the overall amenity and population density of the region.
– Cobblebank Community Services Hub: Located nearby in Cobblebank, this new hub is set to accommodate a range of community, allied health, and education services, further enhancing the lifestyle and convenience for residents in Brookfield and the wider Melton region.
– Plumpton Aquatic and Leisure Centre: This new facility, being constructed on Beattys Road in Fraser Rise (another growing suburb near Melton), will provide state-of-the-art recreational opportunities for the wider community, including Brookfield residents.
– Potential Long-Term Rail Infrastructure Improvements: While current major rail projects like the Suburban Rail Loop are focused closer to Melbourne’s inner and middle rings, continued growth in the west could eventually lead to further enhancements to rail services in and around the Melton area, improving connectivity even more. The existing Melton train station is a vital link for commuters.
– Commercial and Industrial Development: As the population grows, there’s a natural increase in demand for local employment opportunities. This often leads to the development of new commercial and industrial precincts, potentially bringing jobs closer to Brookfield residents and strengthening the local economy. Brookfield Properties (a global real estate developer) recently secured approval for a major logistics estate in Pakenham, demonstrating a broader investment interest in Victoria’s industrial sector, which can have flow-on effects for employment and economic activity in growth corridors like Melton.
In conclusion, Brookfield offers a strong proposition for investors seeking a stable, family-friendly suburb with solid rental yields and significant future growth potential driven by ongoing regional development and population expansion.
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