If you compare the increase in value of investment property in Heidelberg West, 3081 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.82%.
The five-year average increase in median property values for Heidelberg West,3081 has given property investors a potential capital gain of 50.00% across each of those five years.
Sellers are offering property buyers an average discount of -6.80% to buyers in Heidelberg West at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Heidelberg West the average time real estate has been on the market is 58.44 days.
Over the last year, property investments in Heidelberg West, 3081 have given investors a capital gain of 16.87%. This compares very favourably with the 3.49% for VIC as a whole.
Heidelberg West,3081 has offered an average of 16.87% return per annum in house price rises to property investors over the last three years.
Heidelberg West3081 is located in VIC which offers an average discount of -5.13% to property investors. Heidelberg West itself is showing figures that indicate -11.49% is the average achievable by property buyers investing in the suburb.
In the last year 19 properties changed hands in Heidelberg West, which puts it as the 300th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Heidelberg West being $485000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.07%