Suburb Profile Report for Heidelberg West VIC (3081)

Heidelberg West House: Median price $686,500, Annual capital growth 9.94%, Number of sales 95, Weekly median advertised rent $340

Heidelberg West Unit: Median price $485,000, Annual capital growth 8.25%, Number of sales 25, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 16.26% for the last year, Heidelberg West, 3081 is the 614th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Heidelberg West comes in at number 48th in VIC.

LACK OF BUYER INTEREST may well be the reason that Heidelberg West is offering property investors an average of -5.71. This rate of discount on properties puts Suburb at number 27th in terms of most discounted suburbs in VIC

Heidelberg West is in the TOP 10% in VIC when comparing median price capital growth over the last year. Heidelberg West gave property investors a very good capital gain figure when compared to the rest of the state, with 18.59%.

Across a shorter period, Heidelberg West, 3081 has seen a median price increase of 18.67% over the last quarter.

Sellers are offering property buyers an average discount of -4.63% to buyers in Heidelberg West at the moment, which is less than average for the rest of VIC.

In the last year 25 properties changed hands in Heidelberg West, which puts it as the 273th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4560 per annum or $380 every week.

Metrics i HOUSE UNIT
$686,500 $485,000
8.24% 18.67%
16.26% 18.59%
9.94% 8.25%
$340 $380
95 25
2.58% 4.07%
51.08 105.81

Source: CoreLogic

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