Suburb Profile Report for Heidelberg Heights VIC (3081)

Heidelberg Heights House: Median price $691,500, Annual capital growth 8.17%, Number of sales 91, Weekly median advertised rent $365

Heidelberg Heights Unit: Median price $450,000, Annual capital growth 4.51%, Number of sales 54, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1701th in the list of Australian suburbs ordered by increase in median house value over the last year, Heidelberg Heights, 3081 is in the top half with a property value increase of 6.22% recorded in median house prices.

Heidelberg Heights,3081 was ranked 2674 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Heidelberg Heights are currently offering property investors an average price cut of -4.07% below the asking price at the moment.

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 -15.33%

Heidelberg Heights,3081 has offered an average of -15.33% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Heidelberg Heights, 3081. Typically our figures indicate that -6.72% is being offered, which puts this VIC suburb at 315th most discounted overall in Australia.

HOUSE UNIT
$691,500 $450,000
-0.50% -9.09%
6.22% -15.33%
8.17% 4.51%
$365 $370
91 54
2.74% 4.28%
47.58 77.38

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 6387
Median household income ($/weekly) 1145
Median age of persons 36
Median housing loan repayment ($/monthly) 1900
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 574 9.0
    25-34 years 1176 18.4
    35-44 years 922 14.4
    45-54 years 834 13.1
    55-64 years 622 9.7
    Others 2259 35.4
    Age Group
    Census Count Percent(%)
    Not Married 2476 51.5
    Registered Married 1858 38.7
    Defacto Relationship 473 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4120 68.7
    Indonesia 211 3.5
    Japan 148 2.5
    United Kingdom 198 3.3
    Other 374 6.2
    Others 948 15.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 189 3.3
    Christianity 3328 58.4
    Hinduism 121 2.1
    Islam 366 6.4
    No Religion 1606 28.2
    Others 90 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 256 11.3
    $1,000-$1,249 210 9.3
    $1,250-$1,499 199 8.8
    $1,500-$1,999 271 11.9
    $2,000-$2,499 200 8.8
    Others 1134 50.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1881 37.5
    Not in the labour force 1862 37.1
    Employed, worked part-time 902 18.0
    Employed, away from work 189 3.8
    Unemployed, looking for work 186 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 319 10.7
    Professionals 878 29.6
    Technicians & trades workers 376 12.7
    Community & personal service workers 312 10.5
    Clerical & administrative workers 411 13.8
    Others 672 22.6
    Occupation
    Census Count Percent(%)
    Pre-school 86 6.4
    Infants/Primary 345 25.6
    Secondary 314 23.3
    Technical or Further Educational Institution 144 10.7
    University or other Tertiary Institutions 396 29.4
    Others 64 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4340 74.0
    Flat, unit or apartment 769 13.1
    Semi-detached, row or terrace house, townhouse 745 12.7
    House or flat attached to a shop, office 10 0.2
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 994 40.6
    Being purchased 726 29.7
    Fully owned 712 29.1
    Other tenure type 14 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals