Suburb Profile Report for Heidelberg West VIC (3081)

Heidelberg West House: Median price $627,500, Annual capital growth 9.87%, Number of sales 87, Weekly median advertised rent $333

Heidelberg West Unit: Median price $502,750, Annual capital growth 8.57%, Number of sales 19, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Heidelberg West, 3081 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.95%

Heidelberg West,3081 was ranked 2013 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Heidelberg West should be aiming for at least -6.80% off the asking price, which is the average vendor discount being achieved at the moment.

Heidelberg West is 454th on a list of best yielding suburbs for rents in VIC with a 2.76% return

At number 79th in the list of Australian suburbs ordered by increase in median house value over the last year, Heidelberg West, 3081 is in the top 10% with a property value increase of 22.03% recorded in median house prices.

If we look at median property appreciation over just the last three months, Heidelberg West has given property investors a paper return of 3.34%. This puts Suburb as 65 on a list of fastest fasting appreciating suburbs in VIC

Heidelberg West3081 is located in VIC which offers an average discount of -5.08% to property investors. Heidelberg West itself is showing figures that indicate -11.49% is the average achievable by property buyers investing in the suburb.

Situated 10.93km from the CBD, Heidelberg West is one of Banyule localities in the postcode 3081.

HOUSE UNIT
$627,500 $502,750
1.21% 3.34%
11.95% 22.03%
9.87% 8.57%
$333 $380
87 19
2.76% 3.93%
61.08 95.66

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (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
Recent sales & rentals