Property value increases in Heidelberg West have tracked just higher than the VIC average of 11.00% over the last 12 months.
If we look at median property appreciation over just the last three months, Heidelberg West has given property investors a paper return of 1.82%. This puts Suburb as 386 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Heidelberg West itself are offering an average vendor discount of -3.33% to real estate investors.
Residents and property investors in Heidelberg West have been waiting around 40.81 days to sell a property.
Advertised rents are around the $345 mark per week – giving a return of 2.57% based on the median price in Suburb
Property value increases in Heidelberg West have tracked higher than the VIC average of 5.66% 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.
The most recent median price for Heidelberg West is $500000, with sellers offering an average of -0.68% off the asking price.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
Advertised rents are around the $380 mark per week – giving a return of 3.95% based on the median price in Suburb