Investment property in Heidelberg Heights has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.51%
Over the longer term, Heidelberg Heights has seen property prices show investors a 46.36% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Heidelberg Heights is offering property investors an average of -5.14. This rate of discount on properties puts Suburb at number 559th in terms of most discounted 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 59.88 days.
Renters in Suburb are facing rents around $4740 per annum or $395 every week.
With a capital gain of 24.58% for the last 12 months, Heidelberg Heights, 3081 has performed for property investments than its average annual 6.52% property growth over the last 5 years.
The five-year average increase in median property values for Heidelberg Heights,3081 has given property investors a potential capital gain of 27.38% across each of those five 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 -1.41% is being offered, which puts this VIC suburb at 1465th most discounted overall in Australia.
In the last year 49 properties changed hands in Heidelberg Heights, which puts it as the 181th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 6.52%, investors should hope to achieve an overall return of 3.58%