Thinking about buying in Strathmore? Now could not be a better time, with 4161 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,862,000 with prices in this suburb ranging from $132,000 to $11,250,000. Strathmore is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
| Median Weekly Rent | $435.31 |
| Median Monthly Mortgage | $2526.41 |
| Median Persons Per Bedroom | 0.84 |
| Average Household Size | 2.79 |
| Average Age | 39.93 |
| Average Income | $1044.38 |
| Average Cars Per Dwelling | 1.87 |
| Average Properties Within 50M | 15 |
| 1 Bed $725,000 |
| 2 Bed $1,322,000 |
| 3 Bed $1,784,000 |
| 4 Bed $2,284,000 |
| 5 Bed $2,799,000 |
| 6 Bed+$3,755,000 |
In Strathmore there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Strathmore is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Strathmore changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Strathmore requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Strathmore we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Strathmore a better buying opportunity than it may have been in the past.
Strathmore Primary School
Strathmore North Primary School
Strathmore Secondary College
St Vincent de Paul's School
Pascoe Vale South Primary School
Essendon North Primary School
Oak Park Primary School
St Francis de Sales School
Antonine College
Pascoe Vale Primary School
(While the above schools are located with the suburb of Strathmore there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 11.6 | 23.5 | 34.2 | 44 | 88 | 3.0 | 23.1 |
| Feb | 7.5 | 22.6 | 33.6 | 45.3 | 89.9 | 2.7 | 22.9 |
| Mar | 4.6 | 22.4 | 33.8 | 42.0 | 88.9 | 2.5 | 22.6 |
| Apr | 1.2 | 20.4 | 32.8 | 38.2 | 82.8 | 3.0 | 21.3 |
| May | 0.3 | 17.0 | 30.3 | 33.9 | 80.5 | 3.2 | 18.7 |
| Jun | 0.1 | 12.9 | 28.7 | 29.8 | 80.4 | 2.7 | 17.2 |
| Jul | 0.2 | 14.3 | 28.4 | 29.6 | 71.8 | 3.3 | 18.4 |
| Aug | 0.0 | 14.8 | 30.9 | 22.9 | 70.0 | 3.0 | 20.3 |
| Sept | 0.1 | 17.2 | 34 | 19.1 | 65.2 | 3.4 | 24.0 |
| Oct | 0.3 | 20.0 | 35.8 | 20.1 | 65.9 | 3.6 | 26.6 |
| Nov | 2.4 | 23.0 | 37.3 | 23.3 | 70.6 | 3.5 | 27.5 |
| Dec | 3.6 | 23.9 | 37.1 | 29.2 | 75.3 | 3.3 | 27.6 |
source: Australian Government Bureau of Meteorology
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