At number 836th in the list of Australian suburbs ordered by increase in median house value over the last year, Heidelberg West, 3081 is in the top 30% with a property value increase of 14.89% recorded in median house prices.
Comparing Heidelberg West,3081 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Heidelberg West should be aiming for at least -3.33% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $340 mark per week – giving a return of 2.56% based on the median price in Suburb
If you compare the increase in value of investment property in Heidelberg West, 3081 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.47%.
Property investors looking for a bargain in Heidelberg West should be aiming for at least -2.31% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 27 properties changed hands in Heidelberg West, which puts it as the 268th most active market in VIC when comparing the number of sales per suburb.
Heidelberg West is 163th on a list of best yielding suburbs for rents in VIC with a 4.20% return