Suburb Profile Report for Hillside VIC (3037)

Hillside House: Median price $550,500, Annual capital growth 6.94%, Number of sales 219, Weekly median advertised rent $370

Hillside Unit: Median price $399,000, Annual capital growth 5.88%, Number of sales 47, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Hillside have tracked just higher than the VIC average of 9.78% over the last 12 months.

Across a shorter period, Hillside, 3037 has seen a median price increase of 3.87% over the last quarter.

Hillside3037 is located in VIC which offers an average discount of -5.71% to property investors. Hillside itself is showing figures that indicate -6.91% is the average achievable by property buyers investing in the suburb.

Giving property investors a a stable capital gain of 6.76% for the last year, Hillside, 3037 is the 609th highest performer in Australia in this respect.

While Hillside,3037 ranked number 163th in VIC for increase in median house value (annualised) increase, it is ranked 117th over the last 5 years.

Vendor discounting in Hillside is giving property investors an average Vendor Discount of around -3.34%. This puts suburb at number 263th in VIC when ranking the most discounted suburbs.

In the last year 47 properties changed hands in Hillside, which puts it as the 190th most active market in VIC when comparing the number of sales per suburb.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.56%, without taking into account capital value appreciation, which has been averaging out at 5.88%.

Metrics i HOUSE UNIT
$550,500 $399,000
3.87% 1.66%
13.74% 6.76%
6.94% 5.88%
$370 $350
219 47
3.50% 4.56%
54.54 47.16

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Hillside VIC
Demographics
Total population 16326
Median household income ($/weekly) 1610
Median age of persons 32
Median housing loan repayment ($/monthly) 1885
Average household size 3.3
  • Census Count Percent(%)
    0-4 years 1437 8.8
    5-14 years 2995 18.3
    25-34 years 2417 14.8
    35-44 years 3215 19.7
    45-54 years 2121 13.0
    Others 4141 25.4
    Age Group
    Census Count Percent(%)
    Registered Married 6681 59.1
    Not Married 3929 34.8
    Defacto Relationship 687 6.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 11281 72.2
    Indonesia 521 3.3
    Japan 284 1.8
    Netherlands 305 2.0
    Other 836 5.3
    Others 2400 15.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 338 2.2
    Christianity 11766 77.0
    Hinduism 324 2.1
    Islam 753 4.9
    No Religion 1874 12.3
    Others 235 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 402 9.3
    $1,250-$1,499 453 10.5
    $1,500-$1,999 788 18.3
    $2,000-$2,499 671 15.6
    $2,500-$2,999 396 9.2
    Others 1597 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5335 46.7
    Not in the labour force 2942 25.8
    Employed, worked part-time 2270 19.9
    Employed, away from work 504 4.4
    Unemployed, looking for work 370 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 885 10.9
    Professionals 1152 14.2
    Technicians & trades workers 1394 17.2
    Clerical & administrative workers 1489 18.4
    Sales 902 11.1
    Others 2285 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 408 8.8
    Infants/Primary 1955 42.0
    Secondary 1338 28.8
    Technical or Further Educational Institution 298 6.4
    University or other Tertiary Institutions 513 11.0
    Others 141 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14199 90.1
    Semi-detached, row or terrace house, townhouse 1185 7.5
    Flat, unit or apartment 382 2.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2929 62.0
    Fully owned 1073 22.7
    Rented 705 14.9
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals