Market snapshot
Suburb insights for Brookfield3338
Change suburbBrookfield is located 39 km west of the CBD. Located on Melbourne's western fringe Brookfield is a new residential suburb on the south-western corner of the Melton township. The suburb has experienced recent population growth with further growth expected in the future. The population is dominated by families with 80% aged between 0-17 and 25-49 years. Almost two-thirds of households are purchasing their home.
Sales data
Median sale price
$540k
Quarterly price change
1.9%
Metro Melbourne Comparison
$895k
-2.1%
| Bedrooms | Brookfield | Metro comparison |
|---|---|---|
| 2 | - | $888,000 |
| 3 | $510,000 | $807,000 |
| 4 | $568,000 | $950,000 |
| Insight | Brookfield | Metro comparison |
|---|---|---|
| Clearance rate | 72.6% | |
| Days on market | 46 | 43 |
Rental data
Median weekly rent
$450
Rental yield
4.2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Brookfield | Metro comparison |
|---|---|---|
| 2 | - | $575 |
| 3 | $423 | $550 |
| 4 | $465 | $600 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.