Broadmeadows

Broadmeadows, situated approximately 16 km north of Melbourne’s Central Business District, is part of the City of Hume. This suburb is known for its multicultural community, affordable housing, and significant redevelopment efforts, making it an increasingly attractive area for diverse residents.

Demographic Profile

• Population: Broadmeadows boasts a vibrant, culturally diverse population. According to the 2021 census, the population of Broadmeadows is 12,524.
• Predominant Age Group: Attracts a variety of age groups, including young families and professionals, with a significant number of residents in the 20-39 age group.
• Median Household Income: Generally lower than the Melbourne metropolitan average, reflecting its affordable living options.
• Occupancy: A mix of homeowners and renters, with a higher proportion of rental properties than other suburbs.

Real Estate and Growth

• Median House Prices: The median house price in Broadmeadows is around AUD 550,000, making it one of the more affordable suburbs in Melbourne.
• Median Unit Prices: Units are priced at an average of approximately AUD 400,000.
• Rental Market: The median rent for houses is about AUD 350 per week, and for units, it’s around AUD 300 per week.
• Market Trends: The suburb has seen significant growth and redevelopment, attracting investors and first-home buyers due to its affordability and improving amenities.

Education and Lifestyle

• Schools: Hosts several schools, including Broadmeadows Primary School and Hume Central Secondary College, catering to the educational needs of its diverse population.
• Local Vibe: Known for its strong sense of community, with local markets, cultural festivals, and community events being regular features.
• Community Insights: Residents appreciate the suburb’s affordability, diversity, and ongoing infrastructure and community facilities improvements.

Transportation

• Public Transport: Well-connected by public transport, including the Broadmeadows train station on the Craigieburn line and numerous bus routes.
• Accessibility: Convenient access to major roads such as the Western Ring Road and Hume Highway.

Notable Features

• Development and Investment: Ongoing investment in infrastructure and residential development transforms the area, attracting new residents and businesses.
• Recreational Areas: Home to several parks and reserves, providing green spaces for outdoor activities and family recreation.

Broadmeadows is a suburb on the rise, offering affordable housing, a strong sense of community, and improving amenities. Its cultural diversity, redevelopment projects, and convenient location make it an appealing choice for many residents, from first-home buyers to families and investors.