VIC has seen average median house prices change by 7.80% which means that Heidelberg West, 3081 has done well for property investors by showing a capital gain of 21.88% over the last year
Across a shorter period, Heidelberg West, 3081 has seen a median price increase of 3.39% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Heidelberg West is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 411th in terms of most discounted suburbs in VIC
Advertised rents are around the $330 mark per week – giving a return of 2.81% based on the median price in Suburb
Heidelberg West has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.38% to date .
Heidelberg West,3081 was ranked 1456 in Australia by increase in median property value over the quarter.
In the last year 16 properties changed hands in Heidelberg West, which puts it as the 323th most active market in VIC when comparing the number of sales per suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.64%, without taking into account capital value appreciation, which has been averaging out at 5.11%.