Heidelberg West has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 22.26% to date .
Taking the average capital gain, or increase in median house value, Heidelberg West,3081 has racked up an average of 22.26% over the period. This ranks it number 606th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -4.81% to buyers in Heidelberg West at the moment, which is less than average for the rest of VIC.
Situated 10.67km from the CBD, Heidelberg West is one of Banyule localities in the postcode 3081.
Property investors who have had real estate in Heidelberg West, 3081 should be relatively unhappy 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 0.17%
When looking at the potential capital gains offered to property investors over the last 3 years, Heidelberg West comes in at number 165th in VIC.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 4.87%, investors should hope to achieve an overall return of 4.64%