Property value increases in Heidelberg West have tracked just higher than the VIC average of 8.06% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Heidelberg West has increased when compared to the 5 year average annual rate.
Property buyers and investors in Heidelberg West 3081 should be seeing an average reduction in asking price of around -5.67% . This means that Heidelberg West is holding prices well when compared to other suburbs in VIC.
Property investors who have had real estate in Heidelberg West, 3081 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.64%
The five-year average increase in median property values for Heidelberg West,3081 has given property investors a potential capital gain of 36.07% across each of those five years.
Heidelberg West3081 is located in VIC which offers an average discount of -5.12% to property investors. Heidelberg West itself is showing figures that indicate -11.49% is the average achievable by property buyers investing in the suburb.
In the last year 18 properties changed hands in Heidelberg West, which puts it as the 310th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Heidelberg West being $497500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.76%