Property value increases in Heidelberg Heights have tracked just higher than the VIC average of 8.96% 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 Heidelberg Heights has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -3.41% to buyers in Heidelberg Heights at the moment, which is less than average for the rest of VIC.
At number 1316 in a list of fastest selling suburbs, Heidelberg Heights is in the TOP 40% of suburbs in Australia with an average of days on market 66.86 for properties listed there.
Situated 10.68km from the CBD, Heidelberg Heights is one of Banyule localities in the postcode 3081.
Investment property in Heidelberg Heights has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -16.04%
The five-year average increase in median property values for Heidelberg Heights,3081 has given property investors a potential capital gain of 1.70% across each of those five years.
Property buyers and investors in Heidelberg Heights 3081 should be seeing an average reduction in asking price of around -5.76% . This means that Heidelberg Heights is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Heidelberg Heights the average time real estate has been on the market is 82 days.
Advertised rents are around the $385 mark per week – giving a return of 4.47% based on the median price in Suburb