Suburb Profile Report for Hillside VIC (3037)

Hillside House: Median price $557,500, Annual capital growth 6.88%, Number of sales 239, Weekly median advertised rent $373

Hillside Unit: Median price $395,000, Annual capital growth 5.57%, Number of sales 42, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Hillside has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.78% to date .

If we look at median property appreciation over just the last three months, Hillside has given property investors a paper return of 2.29%. This puts Suburb as 378 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Hillside is giving property investors an average Vendor Discount of around -6.81%. This puts suburb at number 140th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $372.5 mark per week – giving a return of 3.47% based on the median price in Suburb

Property value increases in Hillside have tracked close to the VIC average of 4.79% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hillside has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Hillside are currently offering property investors an average price cut of -3.44% below the asking price at the moment.

On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

Metrics i HOUSE UNIT
$557,500 $395,000
2.29% -0.50%
13.78% 5.33%
6.88% 5.57%
$373 $350
239 42
3.47% 4.61%
56.56 40.54

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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