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%