Suburb Profile Report for Heidelberg West VIC (3081)

Heidelberg West House: Median price $610,000, Annual capital growth 9.46%, Number of sales 84, Weekly median advertised rent $330

Heidelberg West Unit: Median price $392,000, Annual capital growth 5.11%, Number of sales 16, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$610,000 $392,000
3.39% -4.15%
21.88% 1.38%
9.46% 5.11%
$330 $350
84 16
2.81% 4.64%
52.2 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (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
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