Suburb Profile Report for Heidelberg West VIC (3081)

Heidelberg West House: Median price $620,000, Annual capital growth 9.78%, Number of sales 87, Weekly median advertised rent $330

Heidelberg West Unit: Median price $470,000, Annual capital growth 7.53%, Number of sales 18, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Heidelberg West has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.29%

If we look at median property appreciation over just the last three months, Heidelberg West has given property investors a paper return of 2.82%. This puts Suburb as 254 on a list of fastest fasting appreciating suburbs in VIC

At number 309th of VIC’s most discounted properties, Heidelberg West is in the middle of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $330 mark per week – giving a return of 2.77% 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 very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 16.05%.

A 27.03% growth in median value for property investors in Heidelberg West,3081 puts this suburb at number 190th in terms of best performing suburbs in VIC

Property buyers and investors in Heidelberg West 3081 should be seeing an average reduction in asking price of around -11.49% . This means that Heidelberg West is holding prices well when compared to other suburbs in VIC.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 7.53%, investors should hope to achieve an overall return of 3.87%

HOUSE UNIT
$620,000 $470,000
2.82% 0.01%
14.29% 16.05%
9.78% 7.53%
$330 $350
87 18
2.77% 3.87%
53.88 102

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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