Suburb Profile Report for Heidelberg West VIC (3081)

Heidelberg West House: Median price $698,500, Annual capital growth 9.93%, Number of sales 97, Weekly median advertised rent $345

Heidelberg West Unit: Median price $500,000, Annual capital growth 7.95%, Number of sales 28, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Heidelberg West have tracked just higher than the VIC average of 11.00% over the last 12 months.

If we look at median property appreciation over just the last three months, Heidelberg West has given property investors a paper return of 1.82%. This puts Suburb as 386 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Heidelberg West itself are offering an average vendor discount of -3.33% to real estate investors.

Residents and property investors in Heidelberg West have been waiting around 40.81 days to sell a property.

Advertised rents are around the $345 mark per week – giving a return of 2.57% based on the median price in Suburb

Property value increases in Heidelberg West have tracked higher than the VIC average of 5.66% 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 West has increased when compared to the 5 year average annual rate.

The most recent median price for Heidelberg West is $500000, with sellers offering an average of -0.68% off the asking price.

On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.

Advertised rents are around the $380 mark per week – giving a return of 3.95% based on the median price in Suburb

Metrics i HOUSE UNIT
$698,500 $500,000
1.82% 4.28%
15.84% 14.09%
9.93% 7.95%
$345 $380
97 28
2.57% 3.95%
40.81 94.1

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5327
Median household income ($/weekly) 721
Median age of persons 34
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 683 12.8
    25-34 years 911 17.1
    35-44 years 746 14.0
    45-54 years 649 12.2
    55-64 years 521 9.8
    Others 1818 34.1
    Age Group
    Census Count Percent(%)
    Not Married 2368 61.2
    Registered Married 1192 30.8
    Defacto Relationship 310 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3101 63.1
    Croatia 171 3.5
    Indonesia 144 2.9
    United Kingdom 115 2.3
    Other 608 12.4
    Others 774 15.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 205 4.3
    Christianity 2345 49.5
    Hinduism 107 2.3
    Islam 862 18.2
    No Religion 1147 24.2
    Others 67 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 238 13.4
    $400-$599 239 13.4
    $600-$799 253 14.2
    $800-$999 160 9.0
    $1,500-$1,999 172 9.7
    Others 720 40.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1848 47.6
    Employed, worked full-time 1066 27.4
    Employed, worked part-time 627 16.1
    Unemployed, looking for work 213 5.5
    Employed, away from work 132 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 343 18.8
    Technicians & trades workers 280 15.3
    Community & personal service workers 276 15.1
    Clerical & administrative workers 212 11.6
    Labourers 250 13.7
    Others 468 25.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 386 29.8
    Secondary 271 20.9
    Technical or Further Educational Institution 168 13.0
    University or other Tertiary Institutions 304 23.5
    Other type of educational institution 101 7.8
    Others 64 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3197 63.9
    Semi-detached, row or terrace house, townhouse 1013 20.2
    Flat, unit or apartment 795 15.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1130 58.8
    Being purchased 391 20.3
    Fully owned 389 20.2
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
Chart Table
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