Suburb Profile Report for Heidelberg West VIC (3081)

Heidelberg West House: Median price $634,250, Annual capital growth 9.59%, Number of sales 87, Weekly median advertised rent $340

Heidelberg West Unit: Median price $470,000, Annual capital growth 8.14%, Number of sales 23, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Heidelberg West has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.35% to date .

Taking the average capital gain, or increase in median house value, Heidelberg West,3081 has racked up an average of 9.35% over the period. This ranks it number 548th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Heidelberg West 3081 should be seeing an average reduction in asking price of around -8.41% . This means that Heidelberg West is holding prices well when compared to other suburbs in VIC.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

At number 646th in the list of Australian suburbs ordered by increase in median house value over the last year, Heidelberg West, 3081 is in the top 40% with a property value increase of 5.62% recorded in median house prices.

Over the longer term, Heidelberg West has seen property prices show investors a 23.70% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Heidelberg West is giving property investors an average Vendor Discount of around -11.49%. This puts suburb at number 4th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $380 mark per week – giving a return of 4.20% based on the median price in Suburb

Metrics i HOUSE UNIT
$634,250 $470,000
1.08% N/A
9.35% 5.62%
9.59% 8.14%
$340 $380
87 23
2.79% 4.20%
54.82 90.84

Source: CoreLogic

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